Myers Surges on Positive Guidance – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/19065/Myers+Surges+on+Positive+Guidance++-+Zacks+Tale+of+the+TapePosted on Monday, April 13th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Myers Industries Inc. (MYE) surged about 19% today on volume of approximately 351,000, compared to average volume of about 137,000.
The company announced late on Thursday that it expects first-quarter earnings between 21 and 24 cents, well above the enhanced consensus estimate of 9 cents for the quarter.
Myers will announce quarterly earnings on Apr 16.
Analysts, however, have adopted a wait-and-see approach on the company as the consensus estimate for the full-year has remained stagnant at 50 cents a share over the past 30 days.
MYE is a Zacks #2 Rank (”Buy”) stock.
“MYE” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- CNP & FPL Ink Pipeline Deal - Analyst Blog - November 20th, 2009
- Buffett Borrows for Rail Acquisition - Analyst Blog - November 20th, 2009
- Stone Energy Outdoes Estimates - Analyst Blog - November 20th, 2009
- Smucker's Beats, Raises Guidance - Analyst Blog - November 20th, 2009
- GameStop Meets Expectations - Analyst Blog - November 20th, 2009
Tags for this Post:
cent;, Market Commentary, Myers Industries Inc.;, Stocks to Watch, Zacks Market Commentaries
cent;, Market Commentary, Myers Industries Inc.;, Stocks to Watch, Zacks Market Commentaries
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.