Reality Check: PEIX will likely have trouble meeting the One Analyst estimate of $3.30 for the most recent qtr due to charges against earnings for Warrant adjustments. An Earnings miss vs. expectations is never celebrated.
It is interesting that the market is allowing PEIX to be up 10% today, but it will be even more interesting to see whether it sells off substantially after an earnings miss this afternoon. The conference call will not take place until 11am eastern time tomorrow, so the earnings announcement needs to be very clear.
Of course if the company were to project revenues and an earnings range for the quarter in-progress, that would also have great bearing on stock price swings tomorrow, but I doubt that will happen due to the volatile nature of corn and ethanol price swings.
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