Imperial Capital Increases Estimates on Black Diamond

According to a recent research report, Imperial Capital Is increasing its estimates on Black Diamond Inc.

, while maintaining its $9 PT. In the report, Imperial Capital explained, “We are increasing our pro forma Q4, 2011, and 2012 EPS estimates by $0.05, $0.04, and $0.02 to $0.01, $0.10 and $0.04, respectively, reflecting better than expected gross margins in the fourth quarter. Our GAAP EPS estimates are $0.20 for 2011 and $0.04 for 2012. Our 2011 and 2012 adjusted EBITDA estimates are $13.4mn and $11.1mn, respectively.” Black Diamond is currently trading at $8.11.