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Stockbridge Sprockets Inc. earned $2.25 per share last quarter, and $2.50 the quarter before that. Because of declining demand for sprockets, analysts consensus estimates for
Stockbridge Sprockets Inc. earned $2.25 per share last quarter, and $2.50 the quarter before that. Because of declining demand for sprockets, analysts consensus estimates for the company for this quarter are $1.90 per share. If the companys actual earnings announcement is $2.00 per share, absent any other news, what would the price of the stock be expected to do following the announcement?
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Remain unchanged
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Go up
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Go down
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Go either up or down
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There is nothing in the data provided that would cause the stock price to move
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