Lumentum Holdings Inc (NASDAQ: LITE) has reported E.P.S. of $-1.88 for its third fiscal quarter (ending March 31) versus $-0.57 for the same period a year ago. This result fell short of the consensus estimate of $0.67 by $-2.55. For the latest four quarters through March 31, E.P.S. were $-5.26 compared to $-0.55 a year ago.
Recent Price Action
On 5/6/24, Lumentum Holdings Inc (NASDAQ: LITE) stock declined modestly by -1.4%, closing at $44.11. Moreover, trading volume in this decline was exceptionally high at 274% of normal. The stock has risen 1.6% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
LITE is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Lumentum Holdings 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 consistent signals. Lumentum Holdings has a neutral Appreciation Score of 42 and a slightly negative Power Rating of 32, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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