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Zacks #1 Rank Top Performers

Top Performer for Thurs: Pinnacle Airlines (PNCL)

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By: James Giaquinto
December 03, 2009 | Comment(s): 0
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PNCL | SKYW | BRS | AIRM

The past month or so has been pretty good for Pinnacle Airlines Corp. (PNCL), as the company reported third-quarter EPS that surpassed the Zacks Consensus Estimate, which then led to higher revisions to its earnings estimates.

As for today though, the company has made the Zacks #1 Rank Top Performers List with a gain of more than 5%, during a session that has the markets loitering around breakeven. Volume, too, is on the rise with 285,000 shares changing hands.

Pinnacle Airlines Corp. is an airline holding company and the parent company of Pinnacle Airlines, Inc. and Colgan Air, Inc.

It is part of the transportation-airline industry. There are 3 other names from this space on today's Zacks #1 Rank List, including Air Methods Corporation (AIRM - Snapshot Report), Bristow Group Inc. (BRS - Snapshot Report) and SkyWest, Inc. (SKYW - Snapshot Report).

Earnings Estimates for Pinnacle Airlines

Earnings estimates for this year and next have advanced by 9.2% and 43.2%, respectively, in the past 30 days.

The Zacks Consensus Estimate for this year is currently pegged at $1.19 per share, compared to $1.09 a month ago. Two of 3 covering analysts have revised higher in that time.

Meanwhile, the Zacks Consensus Estimate for next year is at $1.26, suggesting year-over-year profit growth of nearly 6%. This guidance has advanced from 88 cents in 30 days thanks to an enhancement from 1 of 3 covering analysts.

Third-Quarter Report

An interesting pattern has emerged over the last several quarters for Pinnacle Airlines trading off pairs of quarterly misses with pairs of quarterly beats.

Most recently, in its third-quarter report from early November, Pinnacle Airlines announced earnings per share of 40 cents, excluding items. This result beat the Zacks Consensus Estimate of 30 cents by 33.3%.

What about the fourth quarter? A trio of analysts has put together a Zacks Consensus Estimate of 31 cents per share, which is up 24% in 30 days.

Read the full analyst report on PNCL

Read the full analyst report on SKYW

Read the full analyst report on BRS

Read the full analyst report on AIRM

 

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