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Pike Electric Earnings Review: 20 Days after Announcement Shares Up 27.9% (PIKE)
Feb 25, 2013 (SmarTrend(R) News Watch via COMTEX) --
When Pike Electric (NYSE:PIKE) reported earnings 20 days ago on February 5th, 2013, analysts, on average, expected the company to report earnings of $0.25 on sales of $241.0 million. The company actually reported EPS of $0.67 on sales of $273.7 million, beating EPS estimates by $0.42 and beating revenue estimates by $32.7 million. Since the company's report, shares of Pike Electric have risen from $10.88 to $13.92, representing a gain of 27.9% in the past 20 days.
In the past 52 weeks, Pike Electric share prices have been bracketed by a low of $6.93 and a high of $14.19 and are now at $13.92, 101% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 3.1%.
SmarTrend recommended that subscribers consider buying shares of Pike Electric on January 25th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.39. Since that recommendation, shares of Pike Electric have risen 31.1%. We continue to monitor PIKE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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