Over time, strong earnings will usually result in an increase in a company’s stock price. But stock prices can fluctuate greatly in the days following earnings reports and may even make large upside moves if the earnings are not only good but also top Wall Street’s estimates.
Essex Property Trust (NYSE:ESS) reported quarterly earnings of $3.77 per share which beat the analyst consensus estimate of $1.45 by 160 percent. This is a 16 percent increase over earnings of $3.25 per share from the