For its first fiscal quarter (ending March 31), Alkermes Plc (NASDAQ: ALKS) has reported E.P.S. of $0.23 compared to $-0.07 a year ago. This result fell short of the consensus estimate of $0.56 by $-0.33. For the latest four quarters through March 31, E.P.S. were $3.42 versus $-0.81 for the same period a year ago.
Recent Price Action
Alkermes Plc (NASDAQ: ALKS) stock declined by -2.2% on 5/1/24. The shares closed at $24.01. Moreover, trading volume in this decline was above average at 141% of normal. The stock has been weak relative to the market over the last nine months and has declined -1.0% during the last week.
Current PriceTarget Research Rating
ALKS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Alkermes has a current Value Trend Rating of C (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Alkermes has a neutral Appreciation Score of 42 and a neutral Power Rating of 50, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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