Last quarter $RHT beat EPS consensus by 11% and the stock jumped $6.50 in a day (~10%), though the quarter before it beat by 11% and the stock dropped $3. This is a common theme with Red Hat, big swings in the stock price (up or down) following an earnings beat, but given its current short float of only 3% it seems that the smart money is expecting a gain tomorrow. For the record, they've beaten EPS consensus estimates 8 times in a row, by an average of ~14%. Something to watch out for.
Submitted March 24, 2015 at 04:39PM by QuantifiedAlpha http://ift.tt/1DVt3uP
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