CLARCOR Inc. (CLC) will report earnings results on Wednesday, March 21, 2012, after the market close.
CLC is expected to earn $0.47 for its 1st quarter. Top Equity News expects the diversified machinery provider to report earnings that will beat Wall Street’s expectations. TEN estimate is 50 cents – a 3 cent upside surprise.
Seven of CLARCOR last eight earnings announcements have been surrounded by plus returns. In the last four years, every time CLC exceeded analysts’ estimates, investors profited.
In the last month, CLARCOR industry peers have popped some prodigious surprises, with less than a handful of misses. It appears the sector is strong, and brokers covering CLC recently upped their profit views for the rest of 2012 and current quarter.
Plenty of intriguing things are happening on CLC’s stock chart. Shares are rebounding and tracing a quick V bottom. The boomerang higher has pulled its short-term averages in the right direction and created a bullish MACD crossover.
The impact of the technical moving-average buy signal has been flawless, four for four with significant gains. With a solid quarter and robust guidance from management, Top Equity can see CLC gaining 4-8%. A post-earnings close under $50.50 and Top Equity would run for the door.
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