For its fourth fiscal quarter (ending December 31), Icahn Enterprises LP (NASDAQ: IEP) has reported E.P.S. of $-0.33 compared to $-0.74 a year ago. This result fell short of the consensus estimate of $0.21 by $-0.54. E.P.S. were $-1.75 for the latest four quarters through December 31 versus $-0.57 for the same period a year ago.
Recent Price Action
On 2/28/24, Icahn Enterprises LP (NASDAQ: IEP) stock declined slightly by -0.7%, closing at $19.18. NORMAL trading volume accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -11.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, IEP is expected to continue to be an important Value Builder.
Icahn Enterprises has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Icahn Enterprises has a slightly negative Appreciation Score of 39 and a poor Power Rating of 25, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
Be the first to comment