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

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