Guidance Software (GUID) has posted several positive earnings surprises and is now a Zacks #1 Rank (Strong Buy).
Guidance Software provides digital investigative solutions to government agencies and corporations. It offers EnCase platform for organizations to search, collect, and analyze electronically stored information to address human resources matters, litigation matters, allegations of fraud, suspicious network endpoint activity, and defend their data assets. Guidance Software, Inc. was founded in 1997 and is headquartered in Pasadena, California.
Guidance Software Tops Estimates for Four Straight Quarters
Guidance Software topped the Zacks Consensus Estimate in each of the last four quarters. The average beat has been a little more than $0.05 above the Zacks Consensus Estimate which works out to be an average beat of 182%. As a result of the positive earnings surprises, the stock has moved higher by an average of 7.5% following the earnings releases.
The largest price movement in the stock came the day after the company reported the December 2011 quarter. Guidance Software beat the topline estimate of $28 million by posting revenues of $30 million. EPS of $0.11 was $0.09 higher than the $0.02 Zacks Consensus Estimate and the stock moved higher by more than 32%.