SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Pike Electric Earnings Review: 20 Days after Announcement Shares Up 27.9% (PIKE)

[February 25, 2013]

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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved | Privacy Policy