PBY will report 4th Q results around march 13th. Expectations of a 4 cent loss on $476 million in sales are feeble at best. The good thing about having expectations so low, is that they will be very easy to surpass. Managment understands the Wall Street game--underpromise in order to overdeliver.O'Dell did a great job tempering and sandbagging his guidance during PBY's last conference call. The reality is: PBY will probably come in closer to $481 million on the top line, generating a bottom line of 6 cents per share. A report like this, will likely add an immeadiate 10-15% markup on the share price.
Earnings will not be out till first ten days of April as this is year end. I also expect them to blow away earnings. They should make the same or more as last quarter as their revenue will be the same or higher. Business Week has an article last week that shows that companies that missed earnings by a penney were actually up 30% after 3 years where companies that beat earnings were actually down 10.3% after 3 years.....due to accounting magic......accruals, reserves, etc........DaninFW