Material Sciences Corporation (MASC) will report earnings before the market opens on Thursday, January 12, 2012
MASC is expected to earn 23 cents for its 3rd quarter. We expect the industrial goods company to announce earnings that will beat investors’ and analysts’ expectations. The Top Equity News estimate is 29 cents – or a 6 cent upside surprise.
The timing is right too. As we mentioned in yesterday’s sector technical analysis post, industrial and materials look headed for above-average performance. The set-up is there from Material Science’s stock chart, too.
A muscular report combined with robust guidance from management should propel MASC to a new 52-week high. There is a good deal of resistance at $8.50; bust through that barrier and the price has a legit shot at $9.25. That’s a 14.3% move from Thursday’s close of $8.09.
When MASC beats Wall Street’s earnings expectations, the stock has moved in the right direction 5 of 6 times; with an average gain of 13.95%. TEN believes the likelihood of another surprise is high.
In addition to our 6 cent surprise prediction, the lone analyst covering the stock lifted estimates 9 cents (64%) in mid-December. Clearly, the assessment is business is much better than previously thought. In most cases, pre- earnings revisions tend to be on the conservative side.
We will know for sure Thursday morning.
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