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Pep Boys - Manny, Moe & Jack Message Board

  • bayshorerob bayshorerob Dec 9, 2009 8:44 PM Flag

    Analyst Upgrades

    Shouldn't we see new ones in the next couple of days?

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    • One "revision" already came out today. The analyst that projected earnings of just 24 cents this year raised his projection by 9 cents to 33 cents today. The previous range was 24-40 cents with 7 analysts and concensus of 32 cents. This one change alone moves yearly projection to 33-34 cents. They also upped next year by a like amount. It has started. I am anxious to sdee what they do this quarter. Current projection is $477 million and a loss of 3 cents. They did $473 million this quarter. The 14 new stores alone will generate over $4 million in new sales so if PBY just does as good as last quarter we have $4 million more in sales and they earned 4-5 cents this quarter. I hope we don't have to wait till then to get our $11-12 a share......but if PBY comes in with a nickel a share with expect a 3 cent loss, it's going to be party time again. I do think the concensus will move up a few pennies but not 8 cents so we have an even better chance for a blowout next quarter. Let's see how smart the analysts are this time...DaninFW