BUZZ-Dignity PLC: earnings pressure

Reuters - UK Focus

After an 8 month round-trip, shares of funeral services firmDignity PLC (LSE: DTY.L - news) are back where they were last July and mightbe poised for another dip lower.

** While revenue forecasts are moving up slightly, the 2014mean EPS estimate is down by 2.4% over the past month.

** Not a widely covered stock but of the group of brokers 2buys, 4 holds and no sells on the stock.

** Yet, according to FCA short-selling disclosure data showsOdey Asset Management still holding a 2.4% short position in thestock from late last year. Stock is up 8.3% since.

** Current P/E valuations rest well above 1-std deviationfrom the 5-year mean. http://link.reuters.com/ted97v

(Stocks Buzz is a pilot project. Please send any feedback orsuggestions to vikram.subhedar@thomsonreuters.com) (RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)

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