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Thursday, March 29, 2012

Today's Earnings Preview: (NYSE: SHAW), (NASDAQ: JOSB), (TSE: RIM.TO), (NYSE: WOR), (NYSE: AGRO)

Shaw Group Inc (NYSE: SHAW) is expected to earn $0.46 per share for quarter ended Feb 2012. Estimates from Wall Street analysts ranged from as low as $0.40 per share to as high as $0.53 per share. For the same quarter last year, the company earned $0.40 per share. Revenues are expected to come in at $1.45B. Shares of Shaw Group Inc traded higher by 4.38% or $1.35/share to $32.19. In the past year, the shares have traded as low as $18.98 and as high as $39.91. On average, 797948 shares of SHAW exchange hands on a given day and today's volume is recorded at 927942. 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 $30.17 area where the stock will likely see buying pressure.

Jos A Bank Clothiers Inc (NASDAQ: JOSB) is expected to earn $0.66 per share for quarter ended Apr 2012. Estimates from Wall Street analysts ranged from as low as $0.57 per share to as high as $0.74 per share. For the same quarter last year, the company earned $0.64 per share. Revenues are expected to come in at $214.30M. Shares of Jos A Bank Clothiers Inc traded higher by 0.98% or $0.49/share to $50.31. In the past year, the shares have traded as low as $40.46 and as high as $57.14. On average, 336078 shares of JOSB exchange hands on a given day and today's volume is recorded at 490800. 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 $50.63 area where the stock may encounter resistance.

Research In Motion Ltd (TSE: RIM.TO) is expected to earn $0.82 per share for quarter ended Feb 2012. Estimates from Wall Street analysts ranged from as low as $0.72 per share to as high as $0.90 per share. For the same quarter last year, the company earned $1.78 per share. Revenues are expected to come in at $4.50B. Shares of Research In Motion Ltd fell by 0.81% or $-0.11/share to $13.55. In the past year, the shares have traded as low as $12.80 and as high as $55.50. On average, 2723730 shares of RIM.TO exchange hands on a given day and today's volume is recorded at 1563104. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $14.14 area but be careful because the stock may face selling pressure at this level.

Worthington Industries Inc (NYSE: WOR) is expected to earn $0.35 per share for quarter ended Feb 2012. Estimates from Wall Street analysts ranged from as low as $0.26 per share to as high as $0.38 per share. For the same quarter last year, the company earned $0.35 per share. Revenues are expected to come in at $590.68M. Shares of Worthington Industries Inc traded higher by 0.33% or $0.06/share to $18.40. In the past year, the shares have traded as low as $12.84 and as high as $23.75. On average, 530292 shares of WOR exchange hands on a given day and today's volume is recorded at 449988. 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 $17.75 area where the stock will likely see buying pressure.

Adecoagro SA (NYSE: AGRO) is expected to earn $0.02 per share for quarter ended Dec 2011. Estimates from Wall Street analysts ranged from as low as $-0.01 per share to as high as $0.04 per share. Revenues are expected to come in at $129.44M. Shares of Adecoagro SA traded higher by 0.38% or $0.04/share to $10.47. In the past year, the shares have traded as low as $7.16 and as high as $13.91. On average, 232310 shares of AGRO exchange hands on a given day and today's volume is recorded at 127970. 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 $9.71 area where the stock will likely see buying pressure.