Global Industrial Co (NYSE: GIC) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.40 versus $0.35 for the same period a year ago — an increase of 14%. This result exceeded the consensus estimate of $0.40 by $0.00. For the latest four quarters through December 31, E.P.S. were $1.85 versus $2.05 for the same period a year ago — a decline of -10%.
Recent Price Action
Global Industrial Co (NYSE: GIC) stock rose slightly by 0.05% on 2/29/24. The stock closed at $43.85. Moreover, above average trading volume at 137% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, GIC is expected to continue to be a major Value Builder.
Global Industrial has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Global Industrial has a poor Appreciation Score of 29 but a very high Power Rating of 98, and the Positive Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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