Virginia Retirement Systems ET AL trimmed its position in Magnolia Oil & Gas Co. (NYSE:MGY) by 39.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Com
, , , . | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: www.magnoliaoilgas.com
EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.
In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.
Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.
If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.