For its first fiscal quarter (ending March 31), Rocky Brands Inc (NASDAQ: RCKY) has reported E.P.S. of $0.34 compared to $-0.05 a year ago. This performance was $0.18 better than the consensus estimate of $0.16. E.P.S. were $1.81 for the latest four quarters through March 31 versus $1.75 for the same period a year ago — an increase of 3%.
Recent Price Action
Rocky Brands Inc (NASDAQ: RCKY) stock declined by -4.8% on 4/30/24. The shares closed at $25.77. Moreover, trading volume in this decline was unusually high at 179% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.0% during the last week.
Current PriceTarget Research Rating
RCKY’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a Value Builder.
Rocky Brands has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Rocky Brands has a neutral Appreciation Score of 53 but a very high Power Rating of 89, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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