Zacks Earnings Preview: Exide, Shoe Carnival, SAIC and Shanda Interactive

For Immediate Release

Chicago, IL – June 1, 2010 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Exide Technology (XIDE - Snapshot Report), Shoe Carnival (SCVL - Snapshot Report), SAIC (SAI - Snapshot Report) and Shanda Interactive (SNDA). To see more earnings analysis, visit http://at.zacks.com/?id=3207.

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Historically, the best indicators of firms likely to report positive surprises are a recent history of positive surprises and rising estimates going into the report. The Zacks Rank is also a good indicator of potential surprises. While normally firms that report better-than-expected earnings rise in reaction, that has not been the case so far this quarter. While pickings are getting slim, some of the companies that have these characteristics include:

Exide Technology (XIDE - Snapshot Report) is expected to report EPS of $0.12, up from a loss of $0.11 per share a year ago. Last time out, XIDE posted a positive surprise of 21.1%, and over the last month the mean estimate for its first quarter earnings is up 318.2% (low base). XIDE has a Zacks #1 Rank.

Shoe Carnival (SCVL - Snapshot Report) is expected to post EPS of $0.71 , up from $0.33 a year ago. Last time, SCVL beat expectations by 66.7%, and over the last month analysts have raised their estimates for the about to be reported quarter by 21.4%. SCVL is a Zacks #1 Ranked stock.

SAIC (SAI - Snapshot Report) is expected to earn of $0.31 a share, up from EPS of $0.29 a year ago. Last time, they reported 3.13% below expectations. For this Zacks #4 Ranked stock, analysts have cut the estimates for this quarter over the last month by 0.2%.

Shanda Interactive (SNDA) is expected to earn $0.68 a share this quarter, versus $0.78 a year ago. They were below expectations by 6.02% last time out. Analysts have cut the estimate for this quarter by 1.9% over the last month. The stock holds a Zacks #4 Rank.

Dirk Van Dijk, CFA, is the Chief Equity Strategist for Zacks.com.

About the Zacks Rank

Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank Stocks have generated an average annual return of +28%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have underperformed the S&P 500 (+2% versus +10%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

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Contact: Dirk Van Dijk, CFA
Company: Zacks.com
Phone: 312-265-9211
Email: pr@zacks.com
Visit: www.Zacks.com

Read the full analyst report on XIDE

Read the full analyst report on SCVL

Read the full analyst report on SAI

Read the full analyst report on SNDA