Mar 14, 2016

Posted by in Stock Reports | 0 Comments

Three Stocks Miss On EPS: Genesco Inc (NYSE:GCO), Comtech Telecomm Corp (NASDAQ:CMTL), Stein Mart Inc (NASDAQ:SMRT)

Three Stocks Miss On EPS: Genesco Inc (NYSE:GCO), Comtech Telecomm Corp (NASDAQ:CMTL), Stein Mart Inc (NASDAQ:SMRT)

Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. Earnings typically refer to after-tax net income. Ultimately, a business’s earnings are the main determinant of its share price, because earnings and the circumstances relating to them can indicate whether the business will be profitable and successful in the long run.

Earnings are perhaps the single most studied number in a company’s financial statements because they show a company’s profitability. A business’s quarterly and annual earnings are typically compared to analyst estimates and guidance provided by the business itself. In most situations, when earnings do not meet either of those estimates, a business’s stock price will tend to drop. On the other hand, when actual earnings beat estimates by a significant amount, the share price will likely surge.

Genesco Inc (NYSE:GCO) posted a negative earnings surprise of 0.9390% when it released quarterly results on 3/11/16. It earned $2.11 per share versus the mean forecast of $2.13. The stock recently closed by the decrease of -3.56% to $65.29. The trading volume at ready counter moved to 644,156.00 shares as compared to 232,324.00 shares average traded volume. Its market capitalization has now reached to $1.39 billion.

Comtech Telecomm. Corp (NASDAQ:CMTL) recently brought negative earnings surprise of 42.3077% as, on 3/10/16, it reported EPS of $0.15 versus the consensus estimate of $0.26. The stock closed at $23.16 on when approximately 123,094.00 shares were traded, against the average daily trading volume of 85,830.00. The stock failed to get pushed above the $23.27 barrier, the intraday high. Its 52-week high is $32.13 and so far in this year the stock has moved up 15.28%.

Stein Mart Inc (NASDAQ:SMRT), on 3/10/16, reported that its EPS was $0.17 compared with the average expectation for $0.21 a share. The difference between its actual earnings and forecasted EPS was 19.0476%. The share price of Stein Mart Inc (NASDAQ:SMRT) was up +12.84% from the previous closing rate after touching an intraday high of $7.92. The stock’s low point in its 52 week range is $6.07 per share, with $12.95 as the 52 week high point — that compares with a last trade of $7.91. Trading volume was at 378,716.00 shares versus an average volume of 179,144.00 shares.

 

 

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