This original DJIM listed that provided some trading opportunities between 44's-new highs recently willl be watched closely again after its report yesterday. Net income rose 5 fold (29.4MM v 5.3MM), sales up 20% for 6mts net income is 46.9MM or $1.06. YOY and sequentially it looks very good. UBS upped to BUY this morning. ($42.2 close)
Demi/ YourPersonalTrader
WBD chart- typical reaction last week before earnings, see the similar slope days before earnings June 15 and the follow through afterwards ...looking for a similar reaction after this EPS#.
Demi/ YourPersonalTrader
WBD as it trades to mid 46's on friday, here's more on the EPS and upgrade
UBS analyst said the results were "well ahead" of her estimates."We expect momentum to remain strong: measures from new management team which joined in the second and third quarters should become more visible in the second half of 2006 and beyond," Sukhanova wrote in a research note on Wednesday. "We expect that strong dairy and baby food performance is
sustainable going forward while the new team turns around juice segment performance."Upgraded the stock to "Buy" from "Neutral" and raised her 2006 earnings-per share estimate 32 percent to $2.20 and her 2007 estimate by 20 percent to $2.90 per share.
She also raised her price target to $52 from $45.