For its first fiscal quarter (ending March 31), NV5 Global Inc (NASDAQ: NVEE) has reported a -92% decline in E.P.S. from $0.40 a year ago to $0.03 in the current quarter. This performance was $-0.98 short of the consensus estimate of $1.01. For the latest four quarters through March 31, E.P.S. were $2.59 versus $3.20 for the same period a year ago — a decline of -19%.
Recent Price Action
NV5 Global Inc (NASDAQ: NVEE) stock closed at $93.98 on 5/8/24 after a slight gain of 0.2%. However, trading volume in this advance was below average at 73% of normal. The stock has been weak relative to the market over the last nine months but has risen 0.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NVEE is expected to continue to be a Value Builder.
NV5 Global has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. NV5 Global has a neutral Appreciation Score of 45 and a neutral Power Rating of 42, 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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