RadioShack (RSH) NewsBite - Earnings Preview: RSH

Posted on Wednesday, July 23, 2008 10:16 AM

RadioShack (RSH) opened at $13.74. So far today the stock has hit a low of $13.74 and a high of $14.33. RSH is now trading at $14.67, up 0.91 (6.61%). After hitting a one-year high of $30.69 last July, the stock hit a one-year low of $11.56 last week. Shares of RSH are trading higher ahead of the company's earnings announcement tomorrow. Analysts are looking for a profit of 26 cents per share on revenue of $908.5 million. RSH has exceeded analysts' earnings estimates in each of the past four quarters. Technical indicators for RSH are bearish and improving, while S&P gives the stock a neutral 3 Stars (out of 5) Hold rating. If you’re looking for a hedged play on this stock, consider a January bull-put credit spread below the $10 range. RSH hasn't been below 10 at all in the past year, and could lose up to 31.8% before this trade loses money. [LHF- Seven Summits Strategic Investments NewsBite]