Momentum has changed to the upside. Take a look at the chart. The 10, 20 and now 50 day moving averages have been crossed. Looks b-e-a-u-t-i-f-u-l. I actually bought some additional shares just to trade. I have watched this thing too long not to trade some of it. BOL to all. C4G
Analysts' estimates exclude options expense at this time. Analysts' are predicting the pro forma number. TDY shows that options expense are expected to be 5% of earnings for 2006.
TDY's outlook is that including options expense $0.44-$0.46 is the Q2 projected EPS.
TDY's outlook is that excluding options expense $0.464-$0.485 is the Q2 projected EPS. This is slightly higher than the current analyst pro forma projection of $0.47 for Q2.
Therefore, TDY slightly raised the guidance above consesus estimates for Q2.
Q2 guidance was down abit. This stock has run quite a lot recently. My annualized return since buying in Feb is in the 70-100%/year range. So not that surprising that we corrected abit here. I am stil LONG this one.
Market was expecting $322M in revenues and $0.48 in EPS.
TDY hit $330M in revenue and $0.51 in EPS. Beat expectations on both accounts.
Cash flow from operations numbers says TDY have intrinsic worth of $53/sh. Some people sell on good news. It takes people a while to digest. We'll probably be up by $10/sh to $48/sh before the end of the current quarter.
I wonder why the market is not responding better to these results? When I read the earnings report this morning, I expected a much better day than what we are getting (especially with it being an up day in the market overall). Was the market expecting even better earnings than what was reported?
It even looks like a cup. Lets see if a price 'handle' follows. The chart of SRX is VERY similar, but its cup aint as nice! Don't they ALWAYS dump TDY into earnings anyway. That could make for the beginning of such a cup- handle or 'correction'.