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Headwaters Earnings Hindsight: Down 3.4% in Last 11 Days (HW)

Published on Sat, 02/09/2013 - 09:18
By Peter Chu

When Headwaters (NYSE:HW) reported earnings 11 days ago on January 29th, 2013, analysts, on average, expected the company to report a loss of $0.05 on sales of $147.8 million. Headwaters actually reported a loss of $0.05 per share on sales of $149.6 million, missing EPS estimates by $0.00 and beating revenue estimates by $1.8 million. Shares of Headwaters have slipped from $9.34 to $9.02, representing a loss of 3.4%, since the company reported earnings 11 days ago.

Headwaters has overhead space with shares priced $9.02, or 14.9% below the average consensus analyst price target of $10.60. The stock should discover initial support at its 50-day moving average (MA) of $8.61 and subsequent support at its 200-day MA of $6.57.

Headwaters Incorporated develops and deploys alternative fuel and related technologies. The Company converts fossil fuels such as coal and heavy oils to alternative energy products while improving energy efficiency and the environment. Headwaters also acquires and expands synergistic new business opportunities.

In the past 52 weeks, Headwaters share prices have been bracketed by a low of $2.59 and a high of $10.40 and closed Thursday at $9.02, 248% above that low price. Over the past week, the 200-day moving average (MA) has gone up 2.1% while the 50-day MA has advanced 2.3%.

By Peter Chu
pchu@fnno.com