Axon Enterprise Inc (NASDAQ: AXON) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.76 versus $0.41 for the same period a year ago — an increase of 85%. Relative to the consensus estimate of $0.85, this was a shortfall of $-0.09. For the latest four quarters through December 31, E.P.S. were $2.35 compared to $2.07 a year ago — an increase of 14%.
Recent Price Action
Axon Enterprise Inc (NASDAQ: AXON) stock rose slightly by 0.08% on 2/27/24. The stock closed at $271.82. Moreover, this advance was accompanied by exceptionally high trading volume at 231% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 0.7% during the last week.
Current PriceTarget Research Rating
AXON’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Axon Enterprise has a current Value Trend Rating of C (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 14 but a very high Power Rating of 98, with the Neutral Value Trend Rating the result.
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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