FARO Technologies Inc (NASDAQ: FARO) has reported E.P.S. of $0.08 for its fourth fiscal quarter (ending December 31) versus $-0.12 for the same period a year ago. Relative to the consensus estimate of $0.21, this was a shortfall of $-0.13. For the latest four quarters through December 31, E.P.S. were $-2.99 compared to $-1.46 a year ago.
Recent Price Action
FARO Technologies Inc (NASDAQ: FARO) stock closed at $22.11 on 2/27/24 after an increase of 1.5%. Moreover, trading volume in this advance was unusually high at 165% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, FARO is expected to continue to be Value Creation neutral.
FARO Technologies 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. FARO Technologies has a poor Appreciation Score of 25 but a very high Power Rating of 90, triggering the 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.
Be the first to comment