Earnings trade example

PRXI,Premier Exhibitions Inc (Google Yahoo Earnings BW Chart)

Earnings came out last night. Look at the earnings. The float is 12.01M. Stock up 17%. Institution ownership only 13. Neglect return all over.No analyst coverage.

Premier Exhibitions, Inc. Reports Record Results for Its Third Quarter and Nine Months Ending November 30, 2006

Last Update: 9:05 PM ET Jan 9, 2007
ATLANTA, Jan 09, 2007 /PRNewswire-FirstCall via COMTEX/ --
FOR THE QUARTER:
* $7.9 MILLION IN REVENUE
* $3.7 MILLION IN INCOME BEFORE TAXES OR $0.12 PER SHARE
* $0.08 AND $0.07, BASIC AND DILUTED EPS
FOR THE NINE-MONTHS:
* $20 MILLION IN REVENUE
* $7.7 MILLION IN INCOME BEFORE TAXES OR $0.25 PER SHARE
* $0.17 AND $0.15, BASIC AND DILUTED EPS
PRXI ) today reported its earnings and results of operations for its third quarter and nine-months ended November 30, 2006. Revenue for the third quarter totaled $7.9 million as compared to $2.8 million in the same prior year period. For the nine-month period, revenue totaled $20 million as compared to $9 million in the prior year period.
In the third quarter net income was $2.2 million, or $0.07 per share as compared to $.09 million, or $0.00 per share, in the same prior year period. Net income for the nine-month period was $4.6 million, or $0.15 per share as compared to $2 million, or $0.08 per share, in the same prior year period.
For comparability to the prior year period, which had no provision for income taxes, the third quarter income before taxes was $3.7 million, or $0.12 per share as compared to $.09 million, or $0.00 per share. Income before taxes for the nine-month period was $7.7 million, or $0.25 per share as compared to $2.0 million, or $0.08 per share, in the same prior year period.

If you have systematic way to track earnings everyday, you would not miss such opportunities. More opportunities like this show up everyday during earning season.

Related posts in this series:
Earnings Season- Time to be very careful...
Earnings and Dan Zanger
Earning Surprise System for $1495
Trading Earnings Breakouts
Earnings Acceleration- Long Term Impact
Trading Earnings Breakout -Part1
Trading Earnings Breakouts -Part2
Trading Earnings Breakouts -Part3

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5 comments:

nodoodahs said...: Volt. VOL; Jan 10, 2007, 7:20:00 PM
Pradeep Bonde said...: Yes. Those are the 20-25 kind of trades in earning season which one should target for. They give 20 to 50% returns in matter of few months.; Jan 10, 2007, 7:32:00 PM
Paulin said...: DRL, i remember your post few days back.; Jan 10, 2007, 10:11:00 PM
Matt said...: When you mean systematic way, the best way I can think of is to run a screen for some of the things you've mentioned (low float, accelerating earnings, low institutional ownership) and get a short list. Put the list on excel. Then, you could take the list and use yahoo to find their next earnings announcement. Then, sort by date. Repeat before every earnings season. Is there a better way? Thanks again pradeep!; Jan 11, 2007, 5:10:00 PM
Pradeep Bonde said...: Yes. Only thing is many of the small unknown companies are not tracked by Yahoo. Sometime they announce earning without notice.
http://www.earnings.com/highlight.asp?client=cb
So you have to track the earnings on daily basis. Plus many services sometime do not track foreign companies trading on US exchanges earning.; Jan 11, 2007, 6:47:00 PM

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