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Earnings Look Back: hhgregg Is Up 13.0% Since Reporting Quarterly Results 1 Week Ago (HGG)
Feb 11, 2013 (SmarTrend(R) News Watch via COMTEX) --
A week ago on January 31st, 2013 hhgregg (NYSE:HGG) reported earnings and analysts, on average, expected earnings of $0.51 on sales of $803.9 million. The company actually reported EPS of $0.52 on sales of $799.6 million, beating EPS estimates by $0.01 and missing revenue estimates by $4.2 million. Shares of hhgregg have climbed from $8.48 to $9.58, representing a gain of 13.0% since the company reported earnings 11 days ago.
hhgregg share prices have moved between a 52-week high of $13.12 and a 52-week low of $5.84 and are now trading 64% above that low price at $9.58 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 2.0%.
SmarTrend recommended that subscribers consider buying shares of hhgregg on November 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.16. Since that recommendation, shares of hhgregg have risen 17.5%. We continue to monitor HGG 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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