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Thursday, March 22, 2012

Today's Earnings Preview: (NYSE: OPK), (NYSE: SIG), (NYSE: CAG), (TSE: SLW.TO), (NYSE: SCS)

OPKO Health Inc (NYSE: OPK) is expected to earn $-0.05 per share for quarter ended Dec 2011. Estimates from Wall Street analysts ranged from as low as $-0.08 per share to as high as $-0.02 per share. Revenues are expected to come in at $16.22M. Shares of OPKO Health Inc fell by 0.82% or $-0.04/share to $4.81. In the past year, the shares have traded as low as $3.15 and as high as $5.85. On average, 1659880 shares of OPK exchange hands on a given day and today's volume is recorded at 629301. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $4.93 area where the stock may encounter resistance.

Signet Jewelers Ltd (NYSE: SIG) is expected to earn $1.77 per share for quarter ended Jan 2012. Estimates from Wall Street analysts ranged from as low as $1.77 per share to as high as $1.79 per share. For the same quarter last year, the company earned $1.55 per share. Revenues are expected to come in at $1.36B. Shares of Signet Jewelers Ltd fell by 3.65% or $-1.87/share to $49.39. In the past year, the shares have traded as low as $30.93 and as high as $51.44. On average, 685590 shares of SIG exchange hands on a given day and today's volume is recorded at 813442. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $47.52 area where the stock will likely see buying pressure.

ConAgra Foods Inc (NYSE: CAG) is expected to earn $0.49 per share for quarter ended Feb 2012. Estimates from Wall Street analysts ranged from as low as $0.46 per share to as high as $0.52 per share. For the same quarter last year, the company earned $0.50 per share. Revenues are expected to come in at $3.35B. Shares of ConAgra Foods Inc fell by 1.10% or $-0.29/share to $26.07. In the past year, the shares have traded as low as $22.20 and as high as $27.34. On average, 3498590 shares of CAG exchange hands on a given day and today's volume is recorded at 1507781. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $26.49 represents resistance and the 200-day moving average of $25.62 would be an area of support.

Silver Wheaton Corp (TSE: SLW.TO) is expected to earn $0.39 per share for quarter ended Dec 2011. Estimates from Wall Street analysts ranged from as low as $0.37 per share to as high as $0.41 per share. For the same quarter last year, the company earned $0.35 per share. Revenues are expected to come in at $190.98M. Shares of Silver Wheaton Corp fell by 1.60% or $-0.52/share to $32.06. In the past year, the shares have traded as low as $27.51 and as high as $45.50. On average, 1312770 shares of SLW.TO exchange hands on a given day and today's volume is recorded at 557461. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $34.09 area where the stock may encounter resistance.

Steelcase Inc (NYSE: SCS) is expected to earn $0.16 per share for quarter ended Feb 2012. Estimates from Wall Street analysts ranged from as low as $0.15 per share to as high as $0.16 per share. For the same quarter last year, the company earned $0.11 per share. Revenues are expected to come in at $688.77M. Shares of Steelcase Inc traded higher by 0.98% or $0.09/share to $9.30. In the past year, the shares have traded as low as $5.40 and as high as $12.12. On average, 531572 shares of SCS exchange hands on a given day and today's volume is recorded at 249991. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $9.15 area where the stock will likely see buying pressure.