TMCnet News
Standard Pacific Earnings In Retrospect: Up 2.5% in the Last 18 Days (SPF)May 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- When Standard Pacific (NYSE:SPF) reported earnings two weeks ago on May 2nd, 2013, analysts, on average, expected the company to report earnings of $0.05 on sales of $348.6 million. Standard Pacific actually reported earnings of $0.05 per share on sales of $363.4 million, beating EPS estimates by $0.00 and beating revenue estimates by $14.8 million. Since the company's report, shares of Standard Pacific have risen from $9.32 to $9.55, representing a gain of 2.5% in the past 18 days. In the past 52 weeks, Standard Pacific share prices have been bracketed by a low of $4.39 and a high of $9.97 and are now at $9.55, 118% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.1%. SmarTrend recommended that subscribers consider buying shares of Standard Pacific on April 26th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.03. Since that recommendation, shares of Standard Pacific have risen 5.8%. We continue to monitor SPF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |