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Monday, July 15, 2013

Today's Earnings Preview: (NASDAQ: MBFI), (NASDAQ: PACW), (NASDAQ: CTAS), (NYSE: OMC), (NYSE: C)

MB Financial Inc (NASDAQ: MBFI) is expected to earn $0.45 per share for quarter ended Jun 13. Estimates from Wall Street analysts ranged from as low as $0.42 per share to as high as $0.47 per share. For the same quarter last year, the company earned $0.41 per share. Revenues are expected to come in at $77.51M. Shares of MB Financial Inc fell by 1.95% or $-0.55/share to $27.62. In the past year, the shares have traded as low as $17.00 and as high as $29.07. On average, 245784 shares of MBFI exchange hands on a given day and today's volume is recorded at 640039. 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 $26.43 area where the stock will likely see buying pressure.

PacWest Bancorp (NASDAQ: PACW) is expected to earn $0.46 per share for quarter ended Jun 13. Estimates from Wall Street analysts ranged from as low as $0.37 per share to as high as $0.49 per share. For the same quarter last year, the company earned $0.42 per share. Revenues are expected to come in at $78.67M. Shares of PacWest Bancorp traded higher by 0.31% or $0.1/share to $31.94. In the past year, the shares have traded as low as $21.50 and as high as $33.72. On average, 225263 shares of PACW exchange hands on a given day and today's volume is recorded at 46380. 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 $29.74 area where the stock will likely see buying pressure.

Cintas Corp (NASDAQ: CTAS) is expected to earn $0.70 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.68 per share to as high as $0.72 per share. For the same quarter last year, the company earned $0.60 per share. Revenues are expected to come in at $1.13B. Shares of Cintas Corp fell by 0.15% or $-0.07/share to $47.93. In the past year, the shares have traded as low as $36.97 and as high as $48.03. On average, 412602 shares of CTAS exchange hands on a given day and today's volume is recorded at 162750. 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 $45.79 area where the stock will likely see buying pressure.

Omnicom Group Inc (NYSE: OMC) is expected to earn $1.09 per share for quarter ended Jun 13. Estimates from Wall Street analysts ranged from as low as $1.05 per share to as high as $1.12 per share. For the same quarter last year, the company earned $1.02 per share. Revenues are expected to come in at $3.66B. Shares of Omnicom Group Inc traded higher by 0.08% or $0.05/share to $66.39. In the past year, the shares have traded as low as $45.11 and as high as $66.60. On average, 1783790 shares of OMC exchange hands on a given day and today's volume is recorded at 553535. 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 $62.94 area where the stock will likely see buying pressure.

Citigroup Inc (NYSE: C) is expected to earn $1.18 per share for quarter ended Jun 13. Estimates from Wall Street analysts ranged from as low as $1.08 per share to as high as $1.23 per share. For the same quarter last year, the company earned $1.00 per share. Revenues are expected to come in at $19.79B. Shares of Citigroup Inc traded higher by 2.28% or $1.16/share to $51.97. In the past year, the shares have traded as low as $24.91 and as high as $53.56. On average, 30413300 shares of C exchange hands on a given day and today's volume is recorded at 37995088. 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 $49.68 area where the stock will likely see buying pressure.