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Mar 28 – April 3, 2011 Edition Barnes & Noble Expected to Post Losses
NEW YORK, NY/AUTHORLINK NEWS/Mar 29, 2011 (SmarTrend(R) News Watch via COMTEX) — Barnes & Noble (NYSE:BKS), which was in the black a year ago, is expected to post losses this year according to analyst expectations. Stocks with projected losses need to be watched to see if the dip in earnings will be short-term or ongoing, according to SmartTrends.
In the last fiscal year, the company earned $0.39 per share. Barnes & Noble is now estimated to lose $1.05 per share this year, based on 60.2 million shares outstanding. We are watching earnings estimates and results closely for any change in status.
Barnes & Noble is currently trading below its 50-day moving average of $14.42 and trading below its 200-day moving average of $14.87. SmarTrend currently has shares of Barnes & Noble in an Downtrend and issued the Downtrend alert on February 23, 2011 at $15.28. The stock has fallen 36.4% since the Downtrend alert was issued.
SmartTrends analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time.