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Thursday, July 11, 2013

Today's Earnings Preview: (NASDAQ: OZRK), (TSE: CCA.TO), (NASDAQ: CBSH), (NASDAQ: HLSS)

Bank of Ozarks Inc (NASDAQ: OZRK) is expected to earn $0.57 per share for quarter ended Jun 13. Estimates from Wall Street analysts ranged from as low as $0.56 per share to as high as $0.58 per share. For the same quarter last year, the company earned $0.55 per share. Revenues are expected to come in at $63.04M. Shares of Bank of Ozarks Inc fell by 1.49% or $-0.685/share to $45.28. In the past year, the shares have traded as low as $29.60 and as high as $46.85. On average, 166656 shares of OZRK exchange hands on a given day and today's volume is recorded at 111528. 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 $44.04 area where the stock will likely see buying pressure.

Cogeco Cable Inc (TSE: CCA.TO) is expected to earn $1.03 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.95 per share to as high as $1.09 per share. For the same quarter last year, the company earned $1.09 per share. Revenues are expected to come in at $464.08M. Shares of Cogeco Cable Inc traded higher by 5.37% or $2.5/share to $49.03. In the past year, the shares have traded as low as $34.45 and as high as $47.26. On average, 58068 shares of CCA.TO exchange hands on a given day and today's volume is recorded at 51221. 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 $44.69 area where the stock will likely see buying pressure.

Commerce Bancshares Inc (NASDAQ: CBSH) is expected to earn $0.71 per share for quarter ended Jun 13. Estimates from Wall Street analysts ranged from as low as $0.68 per share to as high as $0.75 per share. For the same quarter last year, the company earned $0.76 per share. Revenues are expected to come in at $262.43M. Shares of Commerce Bancshares Inc fell by 0.89% or $-0.41/share to $45.49. In the past year, the shares have traded as low as $34.69 and as high as $46.37. On average, 450490 shares of CBSH exchange hands on a given day and today's volume is recorded at 180946. 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 $43.87 area where the stock will likely see buying pressure.

Home Loan Servicing Solutions Ltd (NASDAQ: HLSS) is expected to earn $0.46 per share for quarter ended Jun 13. Estimates from Wall Street analysts ranged from as low as $0.44 per share to as high as $0.48 per share. For the same quarter last year, the company earned $0.33 per share. Revenues are expected to come in at $114.75M. Shares of Home Loan Servicing Solutions Ltd traded higher by 2.26% or $0.53/share to $24.03. In the past year, the shares have traded as low as $13.70 and as high as $24.97. On average, 738078 shares of HLSS exchange hands on a given day and today's volume is recorded at 377184. 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 $23.63 area where the stock will likely see buying pressure.