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Earnings Flashback: Since Reporting Quarterly Results 2 Weeks Ago Assurant Is Up 7.3% (AIZ)
Feb 25, 2013 (SmarTrend(R) News Watch via COMTEX) --
19 days ago, on February 6th, 2013, Assurant (NYSE:AIZ) reported its earnings. Analysts, on average, expected a loss of $0.31 per share on sales of $2.1 billion. The company actually reported EPS of $0.07 on sales of $2.2 billion, beating EPS estimates by $0.38 and beating revenue estimates by $60.2 million. Shares of Assurant have climbed from $38.81 to $41.64, representing a gain of 7.3% since the company reported earnings 19 days ago.
In the past 52 weeks, Assurant share prices have been bracketed by a low of $32.41 and a high of $44.54 and are now at $41.64, 28% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.
SmarTrend recommended that subscribers consider buying shares of Assurant on January 11th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.05. Since that recommendation, shares of Assurant have risen 13.8%. We continue to monitor AIZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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