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hhgregg Earnings Review: 9 Days after Announcement Shares Up 13.0% (HGG)

Published on Sat, 02/09/2013 - 09:20
By Mallory Stone

When hhgregg (NYSE:HGG) reported earnings 9 days ago on January 31st, 2013, analysts, on average, expected the company to report earnings of $0.51 on sales of $803.9 million. The company actually reported EPS of $0.52 on sales of $799.6 million, beating EPS estimates by $0.01 and missing revenue estimates by $4.2 million. Shares of hhgregg have climbed from $8.48 to $9.58, representing a gain of 13.0% since the company reported earnings 9 days ago.

Based on a current price of $9.58, hhgregg is currently 16.8% above its average consensus analyst price target of $7.97. The stock should find initial support at its 200-day moving average (MA) of $8.28 and further support at its 50-day MA of $7.74.

In the past 52 weeks, hhgregg share prices have been bracketed by a low of $5.84 and a high of $13.12 and closed Thursday at $9.58, 64% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 2.0%.

hhgregg, Inc. retails video products, brand name appliances, audio products and accessories.

By Mallory Stone
mstone@fnno.com