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Friday, June 21, 2013

Today's Earnings Preview: (NYSE: DRI), (NYSE: DFS), (NYSE: KMX)

Darden Restaurants Inc (NYSE: DRI) is expected to earn $1.04 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.97 per share to as high as $1.10 per share. For the same quarter last year, the company earned $1.15 per share. Revenues are expected to come in at $2.27B. Shares of Darden Restaurants Inc fell by 3.18% or $-1.63/share to $49.60. In the past year, the shares have traded as low as $44.11 and as high as $57.93. On average, 1446550 shares of DRI exchange hands on a given day and today's volume is recorded at 2360569. 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 $53.04 represents resistance and the 200-day moving average of $48.89 would be an area of support.

Discover Financial Services (NYSE: DFS) is expected to earn $1.15 per share for quarter ended Jun 13. Estimates from Wall Street analysts ranged from as low as $1.10 per share to as high as $1.25 per share. For the same quarter last year, the company earned $1.00 per share. Revenues are expected to come in at $2.01B. Shares of Discover Financial Services fell by 0.11% or $-0.05/share to $46.71. In the past year, the shares have traded as low as $32.74 and as high as $49.71. On average, 4398510 shares of DFS exchange hands on a given day and today's volume is recorded at 2430020. 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 $47.32 represents resistance and the 200-day moving average of $42.59 would be an area of support.

Carmax Inc (NYSE: KMX) is expected to earn $0.58 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.52 per share to as high as $0.64 per share. For the same quarter last year, the company earned $0.52 per share. Revenues are expected to come in at $3.15B. Shares of Carmax Inc fell by 2.58% or $-1.15/share to $43.42. In the past year, the shares have traded as low as $24.83 and as high as $48.86. On average, 1635360 shares of KMX exchange hands on a given day and today's volume is recorded at 5102064. 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 $44.76 area where the stock may encounter resistance.