Axon Enterprise Inc (NASDAQ: AXON) has reported earnings for its third fiscal quarter (ending September 30) of $0.79 versus $0.17 for the same period a year ago — an increase of 365%. This performance was $0.03 better than the consensus estimate of $0.76. E.P.S. were $1.99 for the latest four quarters through September 30 versus $1.47 for the same period a year ago — an increase of 35%.
Recent Price Action
Axon Enterprise Inc (NASDAQ: AXON) stock declined slightly by -0.2% on 11/7/23. The stock closed at $216.37. The stock has been strong relative to the market over the last nine months and has risen 7.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AXON is expected to continue to be an important Value Builder.
Axon Enterprise has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Axon Enterprise has a very low Appreciation Score of 13 but a good Power Rating of 77, triggering the Low Neutral Value Trend Rating.
Rating Review
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.
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