IPG Photonics Corp (NASDAQ: IPGP) has reported E.P.S. of $0.52 for its first fiscal quarter (ending March 31) versus $1.26 for the same period a year ago — a decline of -59%. This result fell short of the consensus estimate of $0.75 by $-0.22. For the latest four quarters through March 31, E.P.S. were $3.89 versus $1.93 for the same period a year ago — an increase of 102%.
Recent Price Action
IPG Photonics Corp (NASDAQ: IPGP) stock suffered a large decline of -5.2% on 4/30/24. The stock closed at $83.98. Moreover, this decline was accompanied by exceptionally high trading volume at 235% of normal. The stock has been weak relative to the market over the last nine months and has declined -1.3% during the last week.
Current PriceTarget Research Rating
IPGP is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
IPG Photonics has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. IPG Photonics has a slightly negative Appreciation Score of 38 and a poor Power Rating of 16, leading to the Lowest Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
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