Pier 1 Imports Inc (NYSE: PIR) is expected to earn $0.48 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 $0.49 per share. For the same quarter last year, the company earned $0.48 per share. Revenues are expected to come in at $472.09M. Shares of Pier 1 Imports Inc traded higher by 3.40% or $0.62/share to $18.88. In the past year, the shares have traded as low as $8.60 and as high as $19.09. On average, 1778990 shares of PIR exchange hands on a given day and today's volume is recorded at 2850363. 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 $17.41 area where the stock will likely see buying pressure.
Schnitzer Steel Industries Inc (NASDAQ: SCHN) is expected to earn $0.33 per share for quarter ended Feb 2012. Estimates from Wall Street analysts ranged from as low as $0.30 per share to as high as $0.35 per share. For the same quarter last year, the company earned $1.10 per share. Revenues are expected to come in at $852.37M. Shares of Schnitzer Steel Industries Inc traded higher by 2.21% or $0.84/share to $38.90. In the past year, the shares have traded as low as $32.82 and as high as $64.46. On average, 300159 shares of SCHN exchange hands on a given day and today's volume is recorded at 490756. 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 $42.62 area but be careful because the stock may face selling pressure at this level.
