E*Trade earnings prediction

I predict E*trade (ET) will beat the earnings estimate due Wednesday by at least a penny and the stock will rise at least 5%.

 

Bet down.... comin' out! New shooter.... comin' out!

 

I was right!

"E*Trade, based in Menlo Park, California, said the results represent its best quarterly performance ever. The company reported third-quarter operating income of $63 million, or 17 cents per share. That compared with operating earnings of $43 million, or 12 cents per share, in the year-earlier period.

Revenue jumped 21 percent to $398 million.

Analysts polled by Reuters Research, a unit of Reuters Group Plc, on average expected E*Trade to earn 16 cents per share for the quarter." - Reuters

 

ET NY 23,639 10.9100 17:57:54.1 13 -0.2500 -2.24

AH island prices

 

I did not give a timeline of when the price will rise though.

 

Nice cover. You have the makings of a trading advisor.

 

Update

Then
10/15/03
Closing price: 11.13

Now
1/6/04
Closing price: 13.00

Gain: 16.8%