Commercial Vehicle Group Inc. (CVGI) is expectedto report earnings after the market closes on Wednesday, April 25, 2012, with the conference call to be held the morning after.
CVGI is expected to earn $0.29 for its 1st quarter. Top Equity News expects the commercial vehicle company to report earnings that will beat Wall Street’s expectations. TEN’s estimate is 35 cents – a 6 cent upside surprise.
Commercial Vehicle has a mixed history of earnings results relative to expectations. The company has topped forecasts 8 of the last 15 announcements and missed 7 times.
The good news for investors is that price performance in the days surrounding earnings generally tracks the side of the surprise. In other words, if CVGI beats, the stock goes up. On the bullish beat side, the stock has jumped in 7 of 8 positive results.
The 7 gains in chronological order, from the most recent are: 6.1%, 19.9%, 10.3%, 19.4%, 26.9%, 4.8%, 145.4%, and 19.6%.
As you can see, beat and CVGI has a strong chance of putting some money in your pocket.
Commercial Vehicle Group’s stock price has fallen $13 to $10 in April, with solid support a little north of $9. If Top Equity’s estimate for CVGI is current and history holds, the stock has room to make up lost ground with limited downside.
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