When Wyndham Worldwide (NYSE:WYN) reported earnings 10 days ago on October 26th, 2011, analysts, on average, expected the company to report earnings of $0.88 on sales of $1.2 billion. The company actually reported EPS of $0.94 on sales of $1.2 billion, beating EPS estimates by $0.06 and missing revenue estimates by $2.0 million. Since the company's report, shares of Wyndham Worldwide have risen from $32.81 to $34.05, representing a gain of 3.8% in the past 10 days.
In the past 52 weeks, shares of Wyndham Worldwide have traded between a low of $24.76 and a high of $36.00 and closed Thursday at $34.05, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.6%.
Potential upside of 24.0% exists for Wyndham Worldwide, based on a current level of $34.05 and analysts' average consensus price target of $42.22. The stock should find initial support at its 200-day moving average (MA) of $31.70 and further support at its 50-day MA of $31.05.
By Mallory Stone
Source: FNN Online