SCANA Earnings Review: 20 Days after Announcement Shares Down 5.5% (SCG)
Two weeks ago on November 6th, 2012 SCANA (NYSE:SCG) reported earnings and analysts, on average, expected earnings of $0.89 on sales of $1.1 billion. SCANA actually reported earnings of $0.91 per share on sales of $1.0 billion, beating EPS estimates by $0.02 and missing revenue estimates by $49.0 million. Since the company's report, shares of SCANA have fallen from $47.75 to $45.13, representing a loss of 5.5% in the past 20 days.
Over the past year, SCANA has traded in a range of $40.51 to $50.34 and is now at $45.13, 11% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
SmarTrend recommended that its subscribers protect gains by selling shares of SCANA on November 7th, 2012 by issuing a Downtrend alert when the shares were trading at $46.95. Since that call, shares of SCANA have fallen 3.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: earnings flashbacks scana