For its first fiscal quarter (ending March 31), Upbound Group Inc (NASDAQ: UPBD) has reported a -41% decline in E.P.S. from $0.86 a year ago to $0.51 in the current quarter. This result fell short of the consensus estimate of $1.06 by $-0.55. E.P.S. were $-0.45 for the latest four quarters through March 31 versus $1.18 for the same period a year ago — a decline of -138%.
Recent Price Action
On 5/2/24, Upbound Group Inc (NASDAQ: UPBD) stock declined by -3.9%, closing at $30.38. Moreover, this decline was accompanied by exceptionally high trading volume at 239% of normal. The stock has declined -4.5% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
UPBD is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Upbound Group has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Upbound Group has a slightly positive Appreciation Score of 64 and a slightly positive Power Rating of 70, leading to 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.
Be the first to comment