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Thursday, December 8, 2011

An Earnings Preview: (NYSE: ESL), (NASDAQ: COST), (NYSE: SFD)

Esterline Technologies Corp (NYSE: ESL) is expected to earn $1.17 per share for quarter ended Oct 2011. Estimates from Wall Street analysts ranged from as low as $0.86 per share to as high as $1.35 per share. For the same quarter last year, the company earned $1.60 per share. Revenues are expected to come in at $524.43M. Shares of Esterline Technologies Corp fell by 1.69% or $-0.9/share to $52.25. In the past year, the shares have traded as low as $47.48 and as high as $82.28. On average, 329300 shares of ESL exchange hands on a given day and today's volume is recorded at 69060. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $54.37 area but be careful because the stock may face selling pressure at this level.

Costco Wholesale Corp (NASDAQ: COST) is expected to earn $0.80 per share for quarter ended Nov 2011. Estimates from Wall Street analysts ranged from as low as $0.77 per share to as high as $0.82 per share. For the same quarter last year, the company earned $0.71 per share. Revenues are expected to come in at $21.46B. Shares of Costco Wholesale Corp fell by 1.58% or $-1.38/share to $86.09. In the past year, the shares have traded as low as $69.28 and as high as $88.68. On average, 2648280 shares of COST exchange hands on a given day and today's volume is recorded at 2797168. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $84.01 area where the stock will likely see buying pressure.

Smithfield Foods Inc (NYSE: SFD) is expected to earn $0.71 per share for quarter ended Oct 2011. Estimates from Wall Street analysts ranged from as low as $0.48 per share to as high as $0.95 per share. For the same quarter last year, the company earned $0.80 per share. Revenues are expected to come in at $3.21B. Shares of Smithfield Foods Inc fell by 2.72% or $-0.679/share to $24.25. In the past year, the shares have traded as low as $17.79 and as high as $25.10. On average, 2496380 shares of SFD exchange hands on a given day and today's volume is recorded at 1836261. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $23.09 area where the stock will likely see buying pressure.