For its first fiscal quarter (ending March 31), PBF Energy Inc (NYSE: PBF) has reported a -70% decline in E.P.S. from $2.97 a year ago to $0.89 in the current quarter. This result fell short of the consensus estimate of $1.02 by $-0.13. For the latest four quarters through March 31, E.P.S. were $14.98 versus $26.59 for the same period a year ago — a decline of -44%.
Recent Price Action
PBF Energy Inc (NYSE: PBF) stock rose modestly by 0.8% on 5/2/24. The stock closed at $52.60. Moreover, trading volume in this advance was unusually high at 169% of normal. The stock has been strong relative to the market over the last nine months but has declined -8.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PBF is expected to continue to be a modest Value Builder.
PBF Energy has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. PBF Energy has a good Power Rating of 72 and a very high Appreciation Score of 90, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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