Seachange International Earnings Review: 20 Days after Announcement Shares Up 6.4% (SEAC)
20 days ago, on December 4th, 2012, Seachange International (NASDAQ:SEAC) reported its earnings. Analysts, on average, expected earnings of $0.06 per share on sales of $38.3 million. Seachange International actually reported earnings of $0.09 per share on sales of $39.2 million, beating EPS estimates by $0.03 and beating revenue estimates by $0.9 million. Shares of Seachange International have climbed from $9.08 to $9.66, representing a gain of 6.4% since the company reported earnings 20 days ago.
In the past 52 weeks, shares of Seachange International have traded between a low of $6.29 and a high of $10.50 and are now at $9.66, which is 54% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.5%.
SmarTrend recommended that subscribers consider buying shares of Seachange International on August 30th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.11. Since that recommendation, shares of Seachange International have risen 19.2%. We continue to monitor SEAC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: earnings flashbacks seachange international