Mar 2, 2016

Posted by in Stock Reports | 0 Comments

These Stocks Delivered Positive Earnings Surprise: Nektar Therapeutics (NASDAQ:NKTR), Ross Stores Inc (NASDAQ:ROST), AutoZone Inc (NYSE:AZO)

These Stocks Delivered Positive Earnings Surprise: Nektar Therapeutics (NASDAQ:NKTR), Ross Stores Inc (NASDAQ:ROST), AutoZone Inc (NYSE:AZO)

How often have you seen a stock’s price fall after the company announced increased earnings?

Or, why would a stock’s price soar after the company announces quarterly earnings that fell?

In these instances, actual earnings did not turn out as the market expected.

In fact, expectations play a key role in determining if a stock’s price “gains” or “loses” when actual earnings are reported.

The stock market is forward looking. That is, stock prices are established based on the expectations that prospective investors have for the future earnings power of the firm.

The future earnings power of any company involves the interaction of many company, industry, and economic forces. Earnings estimates embody investors’ opinions of factors such as sales growth, product demand, competitive industry environment, profit margins and cost controls. Stock prices adjust as these expectations change or are proven wrong.

Nektar Therapeutics (NASDAQ:NKTR) recently brought positive earnings surprise of -4.7619% as, on 3/1/16, it reported EPS of -$0.40 versus the consensus estimate of -$0.42. The stock closed at $11.47 on when approximately 1.31 million shares were traded, against the average daily trading volume of 2.19 million. The stock failed to get pushed above the $11.49 barrier, the intraday high. Its 52-week high is $17.55 and so far in this year the stock has moved down -31.93%.

Ross Stores Inc (NASDAQ:ROST) posted a positive earnings surprise of 3.1250% when it released quarterly results on 3/1/16. It earned $0.66 per share versus the mean forecast of $0.64. The stock recently closed by the increase of +2.27% to $56.23. The trading volume at ready counter moved to 5.12 million shares as compared to 3.41 million shares average traded volume. Its market capitalization has now reached to $22.24 billion.

AutoZone Inc (NYSE:AZO), on 3/1/16, reported that its EPS was $7.43 compared with the average expectation for $7.28 a share. The difference between its actual earnings and forecasted EPS was 2.0604%. The share price of AutoZone Inc (NYSE:AZO) was up +2.06% from the previous closing rate after touching an intraday high of $794.50. The stock’s low point in its 52 week range is $640.00 per share, with $803.25 as the 52 week high point — that compares with a last trade of $790.56. Trading volume was at 464,285.00 shares versus an average volume of 384,203.00 shares.

 

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