For its first fiscal quarter (ending December 31), AMERISOURCEBERGEN CORP (NYSE: ABC) has reported a 28% increase in E.P.S. from $2.35 a year ago to $3.01 in the current quarter. This performance was $0.12 better than the consensus estimate of $2.89. E.P.S. were $9.27 for the latest four quarters through December 31 versus $8.34 for the same period a year ago — an increase of 11%.
Recent Price Action
On 1/31/24, AMERISOURCEBERGEN CORP (NYSE: ABC) stock enjoyed a very large increase of 5.5%, closing at $232.68. Moreover, exceptionally high trading volume at 251% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.8% during the last week.
Current PriceTarget Research Rating
ABC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
AMERISOURCEBERGEN CORP has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. AMERISOURCEBERGEN CORP has a good Power Rating of 79 and a good Appreciation Score of 84, with the Highest Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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