For a company growing at an accelerated rate the PE should be even higher.PESI valuation today: $2.7512-18 mos: $4.50
If the company offers limited visibility on the CC, the stock could close a bit lower today.
If PESI should move up based on outlook why did PESI hardly move all of 2011 when sales, gross profits and operating income were taking off?
I have many stocks on my screen with NO earnings that move up when losses are simply cut.There's no reason for a fast growing company with positive earnings to be trading at such depressed levels when the market is reaching multi year highs.PESI should be soaring.
2011 EPS were aided by tax benefit. Analysts tend to look at normalized earnings or above-the-line results. Everything is going to depend on the forward guidance IMO.