analysis of statistics

Chico’s Fas (NYSE:CHS) shares traded on -1.25% below secure line and closed at $3.94. The stock exchanged hands 7.29 Million shares versus average trading capacity of 3.76 Million shares. It has a market cap of $466.66 Million.

Wall Street analysts are predicting that Chico’s Fas (NYSE:CHS) will report earnings per share of $0.03 in their quarterly report. For the current quarter Chico’s Fas (NYSE:CHS) has high EPS estimates of $0.05 in contradiction of low EPS estimates of $0.01. However a year ago for the same quarter the company has reported $0.23 EPS. Average estimation for the current quarter has been provided by 9 analysts.

Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Earnings surprises can have a huge impact on a company’s stock price. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. Hence, it’s not surprising that some companies are known for routinely beating earning projections. A negative earnings surprise will usually result in a decline in share price.

A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report. Previously Chico’s Fas (NYSE:CHS) reported $-0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.09 by $0.02 with surprise factor of 22.2%.

Chico’s Fas (NYSE:CHS) has average revenue estimates of $518.3 Million, compared to low analyst estimates of $510 Million and high estimates of $525.7 Million for the current quarter. A total number of 7 analysts provided estimations over revenues. For the current year the company’s revenue estimates are $2.05 Billion compared to low analyst estimates of $2.02 Billion and high estimates of $2.07 Billion according to the prediction of 8 analysts.

Taking a broader look at the analyst consensus, according to 9 analysts Chico’s Fas (NYSE:CHS)’s price will reach at $5.06 during 52 weeks. Its minimum price target estimates has been figured out at $3.5 while the maximum price target forecast is established at $7.

On the other hand Chico’s Fas (NYSE:CHS) has Relative Strength Index (RSI 14) of 54.22 along with Average True Range (ATR 14) of 0.22. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The average true range (ATR) is a measure of volatility introduced by Welles Wilder.

Consequently Chico’s Fas (NYSE:CHS)’s weekly and monthly volatility is 9.24%, 5.78% respectively.