For its third fiscal quarter (ending August 31), IHS Markit Ltd (NYSE: INFO) has reported a 310% increase in E.P.S. from $0.10 a year ago to $0.41 in the current quarter. Relative to the consensus estimate of $0.69, this was a shortfall of $-0.28. For the latest four quarters through August 31, E.P.S. were $2.32 versus $0.96 for the same period a year ago — an increase of 142%.
Recent Price Action
IHS Markit Ltd (NYSE: INFO) stock closed at $77.42 on 9/29/20 after a large decline of -3.3%. Moreover, trading volume in this decline was above average at 150% of normal. The stock has been strong relative to the market over the last nine months but has declined -0.8% during the last week.
Current PriceTarget Research Rating
INFO is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
IHS Markit has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. IHS Markit has a poor Appreciation Score of 19 but a slightly positive Power Rating of 69, with the Neutral Value Trend Rating the result.
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.