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re: Have you heard of a stock going up after missing the earnings estimate?

Posted on 10/21/14 at 4:56 pm to
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5623 posts
Posted on 10/21/14 at 4:56 pm to
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.
This post was edited on 10/21/14 at 5:01 pm
Posted by drsung
Member since Aug 2004
197 posts
Posted on 10/21/14 at 5:53 pm to
It happened last week with YUM. Missed on top and bottom but stock was up modestly the next day.
Posted by Jim Rockford
Member since May 2011
98713 posts
Posted on 10/28/14 at 2:26 pm to
So BXS is up ~15% after missing earnings last week
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