ChinaEdu Corporation (CEDU) is expectedto report earnings markets close on June 13, 2012, with the conference call to be held the morning after.
CEDU is expected to earn $0.06 for its 1st quarter. Top Equity News expects the Chinese provider of online educational services to report earnings that will beat Wall Street’s expectations. TEN’s estimate is 8 cents – a 2 cent upside surprise.
ChinaEdu Corporation has a solid history of upside earnings results relative to expectations. The company has topped forecasts 12 of the last 16 announcements and missed 4 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, when CEDU beats, the stock goes up. On the bullish beat side, the stock has jumped in 8 of 12 positive results.
The eight gains in chronological order, from the most recent are: 11.1%, 1.8%, 7.4%, 9.6%, 1.6%, 12.7%, 2.6%, and 1.1%.
As you can see, beat and CEDU has a better than average chance of putting some green in your pocket.
ChinaEdu Corporation’s stock shows a crystal clear bullish reversal, right angle triangle pattern. The top, flat side of the shape at $7 extends back to April. If next Wednesday’s earnings are strong enough to force the stock through $7 resistance, then $7.20-$7.40 is more than possible, a potential 6%-9% gain in in less than two weeks.
Trading Earnings: ChinaEdu Corporation (CEDU) Might Teach You a Thing or Two is an article from: 
