DryShips (DRYS) – Bearish
|Dry bulk shipper DryShips Inc. (NASDAQ: DRYS) is scheduled to report on Wednesday after the close, and analysts expect two cents less than a year ago. DRYS has a spotty history of beating earnings estimates, having missed in two of the past three quarters. Performance after earnings is also suspect. In fact, the stock has been lower two weeks after three of the past four reports.Sentiment toward DRYS tends to the positive, especially among options players — the ratio is currently at an annual low and short interest is minimal. On the charts, the shares are struggling with their overhead 20-day and 100-day moving averages. That’s not good for a stock down 27% for the year.
In short, we’re not seeing much to get excited about with DRYS. Look for more of the same with its upcoming report and consider put options.
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