Alert: New Earnings Report (11/4/19)-Luminex Corp (NASDAQ: LMNX).

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Luminex Corp (NASDAQ: LMNX) has reported a loss for its third fiscal quarter (ending September 30) of $-0.12 versus $0.04 for the same period a year ago — a decline of -400%. This performance was $-0.09 short of the consensus estimate of $-0.03. E.P.S. were $-0.21 for the latest four quarters through September 30 versus $0.40 for the same period a year ago — a decline of -152%.

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Recent Price Action

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On 11/4/19, Luminex Corp (NASDAQ: LMNX) stock suffered a very large decline of -8.4%, closing at $19.55. Moreover, this decline was accompanied by exceptionally high trading volume at 387% of normal. Relative to the market the stock has been weak over the last nine months and has declined -3.5% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be below the cost of capital, LMNX is expected to be a Value Eraser.

Luminex has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Luminex has a poor Power Rating of 22 and a very low Appreciation Score of 12, resulting in the Lowest Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.

About John Lafferty 54938 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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