Genesco Inc. (NYSE: GCO) has reported E.P.S. of $1.86 for its fourth fiscal quarter (ending January 31) versus $3.29 for the same period a year ago — a decline of -43%. This result fell short of the consensus estimate of $2.66 by $-0.80. For the latest four quarters through January 31, E.P.S. were $-2.10 versus $5.80 for the same period a year ago — a decline of -136%.
Recent Price Action
On 3/8/24, Genesco Inc. (NYSE: GCO) stock suffered a large decline of -9.5%, closing at $26.49. Moreover, trading volume in this decline was exceptionally high at 389% of normal. Relative to the market the stock has been strong over the last nine months but has declined -17.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GCO is expected to continue to be a modest Value Builder.
Genesco has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Genesco 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 new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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