GoDaddy Inc (NYSE: GDDY) has reported E.P.S. of $2.82 for its first fiscal quarter (ending March 31) versus $0.31 for the same period a year ago — an increase of 810%. Relative to the consensus estimate of $1.62, this was a premium of $1.20. For the latest four quarters through March 31, E.P.S. were $12.14 compared to $2.12 a year ago — an increase of 473%.
Recent Price Action
GoDaddy Inc (NYSE: GDDY) stock closed at $124.33 on 5/2/24 after an increase of 1.7%. Moreover, unusually high trading volume at 152% of normal accompanied the advance. The stock is unchanged during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
GDDY’s 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.
GoDaddy has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. GoDaddy has a very high Power Rating of 94 and a very high Appreciation Score of 98, resulting in the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment