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Have you heard of a stock going up after missing the earnings estimate?
Posted on 10/21/14 at 2:14 pm
Posted on 10/21/14 at 2:14 pm
BXS missed its estimate yesterday and is up 4% today. Granted it's an up day for the market overall, but BXS is up way more than its peers. That has to be pretty rare?
Posted on 10/21/14 at 2:16 pm to Jim Rockford
About the only time I've seen it happen is when a company misses on the bottom line estimate but beats it on the top line (revenue) estimate. Or maybe when the company simultaneously announces an increase in its dividend.
Posted on 10/21/14 at 4:33 pm to Jim Rockford
If they adjusted forward guidance up a lot, that would make sense.
Posted on 10/21/14 at 4:56 pm to Jim Rockford
THF already posted but 90% of the time when a stock bounces following earnings misses, its because of an increase to forward guidance (or initiating forward guidance above market expectations).
BXS is rallying from a much larger than expected share buy-back.
BXS is rallying from a much larger than expected share buy-back.
This post was edited on 10/21/14 at 5:01 pm
Posted on 10/23/14 at 2:47 pm to Jim Rockford
Bounced around a bit yesterday and closed about even. Up another 2.5% today after declaring the same dividend as last quarter.
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