Fox Factory Holding Corp (NASDAQ: FOXF) has reported E.P.S. of $-0.08 for its first fiscal quarter (ending March 31) versus $0.99 for the same period a year ago — a decline of -108%. This performance was $-0.81 short of the consensus estimate of $0.73. E.P.S. were $1.79 for the latest four quarters through March 31 versus $4.71 for the same period a year ago — a decline of -62%.
Recent Price Action
Fox Factory Holding Corp (NASDAQ: FOXF) stock closed at $39.42 on 5/2/24 after an increase of 1.4%. Moreover, trading volume in this advance was above average at 140% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -1.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FOXF is expected to continue to be a Value Builder.
Fox Factory Holding has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Fox Factory Holding has a good Appreciation Score of 76 but a very low Power Rating of 0, with the Negative Value Trend Rating the result.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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