TMCnet News
Compass Diversified Earnings Review: 13 Days after Announcement Shares Up 3.9% (CODI)May 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- When Compass Diversified (NASDAQ:CODI) reported earnings 13 days ago on May 7th, 2013, analysts, on average, expected the company to report earnings of $0.15 on sales of $220.4 million. The company actually reported EPS of $0.03 on sales of $241.6 million, missing EPS estimates by $0.12 and beating revenue estimates by $21.2 million. Since the company's report, shares of Compass Diversified have risen from $17.09 to $17.76, representing a gain of 3.9% in the past 13 days. Over the past year, Compass Diversified has traded in a range of $12.12 to $18.00 and is now at $17.76, 47% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.2%. SmarTrend recommended that subscribers consider buying shares of Compass Diversified on January 10th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.29. Since that recommendation, shares of Compass Diversified have risen 16.2%. We continue to monitor CODI 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 |
