Earnings Look Back: Conn's Is Up 2.0% Since Reporting Quarterly Results 1 Week Ago (CONN)
A week ago on December 3rd, 2012 Conn's (NASDAQ:CONN) reported earnings and analysts, on average, expected earnings of $0.27 on sales of $199.1 million. Conn's actually reported earnings of $0.38 per share on sales of $206.4 million, beating EPS estimates by $0.11 and beating revenue estimates by $7.3 million. Shares of Conn's have climbed from $27.65 to $28.20, representing a gain of 2.0% since the company reported earnings 7 days ago.
In the past 52 weeks, shares of Conn's have traded between a low of $10.00 and a high of $29.23 and are now at $28.20, which is 182% 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 1.0%.
SmarTrend recommended that subscribers consider buying shares of Conn's on October 8th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.08. Since that recommendation, shares of Conn's have risen 12.5%. We continue to monitor CONN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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