For its first fiscal quarter (ending March 31), Penumbra Inc (NYSE: PEN) has reported a 27% increase in E.P.S. from $0.22 a year ago to $0.28 in the current quarter. However, this performance was $-0.46 short of the consensus estimate of $0.74. For the latest four quarters through March 31, E.P.S. were $2.41 versus $0.16 for the same period a year ago — an increase of 1406%.
Recent Price Action
On 5/7/24, Penumbra Inc (NYSE: PEN) stock declined slightly by -0.8%, closing at $210.00. Moreover, unusually high trading volume at 159% of normal accompanied the decline. The stock has risen 3.9% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, PEN is expected to be a Value Builder.
Penumbra has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Penumbra has a poor Power Rating of 27 and a poor Appreciation Score of 16, producing the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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