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Tuesday, June 25, 2013

Today's Earnings Preview: (NYSE: SNX), (NYSE: WAG), (NYSE: CCL), (NASDAQ: APOL), (NYSE: LEN)

SYNNEX Corp (NYSE: SNX) is expected to earn $0.81 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.79 per share to as high as $0.84 per share. For the same quarter last year, the company earned $0.90 per share. Revenues are expected to come in at $2.50B. Shares of SYNNEX Corp traded higher by 0.43% or $0.18/share to $42.06. In the past year, the shares have traded as low as $30.70 and as high as $44.10. On average, 207247 shares of SNX exchange hands on a given day and today's volume is recorded at 111652. 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 $39.66 area where the stock will likely see buying pressure.

Walgreen Co (NYSE: WAG) is expected to earn $0.91 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.85 per share to as high as $0.97 per share. For the same quarter last year, the company earned $0.72 per share. Revenues are expected to come in at $18.43B. Shares of Walgreen Co fell by 7.87% or $-3.7814/share to $44.27. In the past year, the shares have traded as low as $28.92 and as high as $51.25. On average, 5371020 shares of WAG exchange hands on a given day and today's volume is recorded at 12938512. 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 $49.31 represents resistance and the 200-day moving average of $44.11 would be an area of support.

Carnival Corp (NYSE: CCL) is expected to earn $0.06 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.04 per share to as high as $0.08 per share. For the same quarter last year, the company earned $0.20 per share. Revenues are expected to come in at $3.55B. Shares of Carnival Corp traded higher by 4.30% or $1.43/share to $34.65. In the past year, the shares have traded as low as $31.65 and as high as $39.95. On average, 4933470 shares of CCL exchange hands on a given day and today's volume is recorded at 6539802. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $35.51 represents resistance and the 50-day moving average of $33.76 would be an area of support.

Apollo Group Inc (NASDAQ: APOL) is expected to earn $0.85 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.72 per share to as high as $0.94 per share. For the same quarter last year, the company earned $1.20 per share. Revenues are expected to come in at $965.07M. Shares of Apollo Group Inc traded higher by 2.72% or $0.52/share to $19.64. In the past year, the shares have traded as low as $15.98 and as high as $38.34. On average, 2552230 shares of APOL exchange hands on a given day and today's volume is recorded at 1064302. 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 $20.24 represents resistance and the 200-day moving average of $18.85 would be an area of support.

Lennar Corp (NYSE: LEN) is expected to earn $0.33 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.27 per share to as high as $0.46 per share. For the same quarter last year, the company earned $2.06 per share. Revenues are expected to come in at $1.33B. Shares of Lennar Corp traded higher by 0.17% or $0.06/share to $35.05. In the past year, the shares have traded as low as $26.80 and as high as $44.40. On average, 5102380 shares of LEN exchange hands on a given day and today's volume is recorded at 14595560. 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 $40.18 area where the stock may encounter resistance.