Turquoise Hill Resources Ltd (NYSE:TRQ) shares traded on 5.26% above secure line and closed at $1.2. The stock exchanged hands 6.73 Million shares versus average trading capacity of 5.57 Million shares. It has a market cap of $2.46 Billion.

Wall Street analysts are predicting that Turquoise Hill Resources Ltd (NYSE:TRQ) will report earnings per share of $0 in their quarterly report. For the current quarter Turquoise Hill Resources Ltd (NYSE:TRQ) has high EPS estimates of $0.01 in contradiction of low EPS estimates of $-0.01. However a year ago for the same quarter the company has reported $0.05 EPS. Average estimation for the current quarter has been provided by 6 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.

Turquoise Hill Resources Ltd (NYSE:TRQ) has average revenue estimates of $253.77 Million, compared to low analyst estimates of $247 Million and high estimates of $266.96 Million for the current quarter. A total number of 3 analysts provided estimations over revenues. For the current year the company’s revenue estimates are $941.33 Million compared to low analyst estimates of $935 Million and high estimates of $955.04 Million according to the prediction of 5 analysts.

Taking a broader look at the analyst consensus, according to 1 analysts Turquoise Hill Resources Ltd (NYSE:TRQ)’s price will reach at $4 during 52 weeks. Its minimum price target estimates has been figured out at $4 while the maximum price target forecast is established at $4.

On the other hand Turquoise Hill Resources Ltd (NYSE:TRQ) has Relative Strength Index (RSI 14) of 36.5 along with Average True Range (ATR 14) of 0.07. 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 Turquoise Hill Resources Ltd (NYSE:TRQ)’s weekly and monthly volatility is 7.29%, 5.62% respectively.