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Pep Boys - Manny, Moe & Jack Message Board

  • daninfw04 daninfw04 Sep 8, 2013 11:07 AM Flag

    Shorthigh_Sales Thoughts

    I had planned to actually do some in depth calculations today on PBY projected sales. Last year same quarter PBY had 735 locations and ended this year same quarter with 758+/- now 775. That's 23 new locations generating sales. Each location should be $1.2-$1.5 million in sales per year. Taking the low number should generate right at $7 million in new sales. The analysts are just expecting under $14 million in total sales growth. That means they just need another $7 million to beat expect. I also noticed the analysts expect 2.5% this quarter but expect 4.1% next quarter. That's a big jump. The analysts have already lowered FY expect for PBY by 7 cents. PBY has disappointed analysts and investors so many times that the bar has been lowered so much that I think they will beat EPS and revenue expect this quarter. I'm going out on a limb and saying EPS 24-26 cents vs. expect of 19 cents and revenues of $542 million for a sales growth of 3.1%.......DaninFW

    Sentiment: Strong Buy