For its first fiscal quarter (ending March 31), Shenandoah Telecommunications Co (NASDAQ: SHEN) has reported a -900% decline in E.P.S. from $0.01 a year ago to $-0.08 in the current quarter. This performance was $-0.04 short of the consensus estimate of $-0.04. E.P.S. were $0.04 for the latest four quarters through March 31 versus $-0.14 for the same period a year ago.
Recent Price Action
On 5/3/24, Shenandoah Telecommunications Co (NASDAQ: SHEN) stock increased 1.7%, closing at $13.47. Moreover, trading volume in this advance was unusually high at 175% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -3.4% during the last week.
Current PriceTarget Research Rating
SHEN is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Shenandoah Telecommunications has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Shenandoah Telecommunications has a slightly negative Appreciation Score of 33 and a very low Power Rating of 7, triggering the Lowest Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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