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Sonic Corp. Message Board

  • championsies championsies Jun 23, 2009 4:16 PM Flag

    sonc beats 7 cents on earnings beats on revenue

    beats the average estimate by 7 cents, beats the highest estimate by 2 cents also hits the high end on revenue.

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    • in this crazy market, a company can have declining same store sales, poor comparisons with earlier qtrs, and still be seen as growth success stories just because they were canny enough to give analysts a lowball quarterly estimate which they could beat by 2 cents.

      people buying stocks today don't really care about growth, earnings or stability, all they care about is the two cents over some foreign analyst's estimate based on what the company told him within the past three months.

    • CAUTION: Same store sales fell 5.4%/ Longs are too overconfident here by buying at high prices.

      "But same-store sales, which represent stores open at least a year, fell 5.4 percent versus a 0.4 percent decline in the same period last year.

      Same-store sales are considered a key gauge of a company's performance because they are not influenced by the impact of new stores."

    • Sellers ran for the door at the close...too bad they missed a great earnings call...Sonic to 15!!!!

      • 1 Reply to tanassej
      • add me to that host of sellers at yesterday's high, but made a fool by a 2cent underestimate of earnings by two analysts

        I wonder how high the stock would shoot up {in a bear mkt} if they had underestimated earnings by 3 cents

        anyway, people who held on until today, enjoy it, I'd still think about selling if I was you, this is not the beginning of a new run up, imo.

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