Earnings Growth Charts
We had 8 stocks from the earnings list reporting last week. after the disaster I had last week trying to post too many charts, I decided this week to limit it to the 4 stocks that reported positive earnings growth. As always, the black line is price, the black bars volume, blue is price relative to SPX, bottom red is EPS, and top red is earnings growth rate.
This is LANC. I have a feeling I may have made an error somewhere, because this chart is not matching the data I had last night. It shows a bigger drop off in earnings than I calculated, so I will have to double check. However, price hasn't been adversely affected, and in fact it broke out to a new high. Price has been following earnings perfectly until this last report, reinforcing the idea that I made an error.
The is NEU, which also has price following earnings. Earnings growth slowed this quarter after some pretty dramatic growth. Price took a beating last week on the earnings, so the market may be anticipating continued slow growth.
SXE has had a trend of slowing growth since it topped out in 2007, and has been in a rather long consolidation since. This does not yet have a 5 year track record on earnings, and the market does not appear to be anticipating anything, it is just waiting to see where this goes.
Of the other four stocks that reported, HWKN and SBSI both reported negative growth quarters, but have longer term uptrends in earnings and are probably not in any danger of not making the list next quarter. ALGT is in a short term down trend in earnings, but also should not have too much trouble making the next cut. OFG is in a very nasty down trend in earnings and probably will be cut from the list next quarter.
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