Not giving up much of it's gains of the last few weeks. I suspect people out there really know what it's earnings are. Not much being taken off the table today. If we move down it will only be 5 points. If we move up it will be 13.
They are going private shortly. Shareholders will get a huge premium from whatever level it's at when this is announced. The smart money knows this and that's why the stock is holding up despite the lower earnings.
Its not even a 30 dollar stock, more like a 10 dollar stock. Right now its being propped up in my opinion. And earnings wont be good, company has said that themselves. So it will tank again real soon, to new lower lows.
And Wall Street is expecting lower profit for Sears Holdings (SHLD) when the company reports its fourth quarter results on Monday, February 20, 2012. Analysts are expecting earnings per share of 68 cents after the company booked a profit of $3.67 a share a year earlier.
What to Expect:
The consensus estimate is down from three months ago when it was $3.25, but is unchanged over the past month. Analysts are expecting a loss of $5.70 per share for the fiscal year.
Analysts project revenue to fall 5.4% year-over-year to $12.44 billion for the quarter, after being $13.14 billion a year ago. For the year, revenue is expected to come in at $41.88 billion.
Trends to Watch For:
The past four quarters have brought decreasing revenue to the company. Revenue in third quarter was $9.56 billion, a drop of 1.2% year-over-year. Revenue dropped 1.2% in the second quarter, fell 3.4% in first quarter and 0.8% in the fourth quarter of the last fiscal year.