QuidelOrtho Corporation (NASDAQ: QDEL) has reported a loss for its first fiscal quarter (ending March 31) of $-25.50 versus $0.73 for the same period a year ago — a decline of -3593%. This result fell short of the consensus estimate of $1.06 by $-26.56. For the latest four quarters through March 31, E.P.S. were $-26.39 versus $1.85 for the same period a year ago — a decline of -1526%.
Recent Price Action
On 5/8/24, QuidelOrtho Corporation (NASDAQ: QDEL) stock declined by -2.7%, closing at $42.68. NORMAL trading volume accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months but has risen 5.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, QDEL is expected to be Value Creation neutral.
QuidelOrtho has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. QuidelOrtho has a very high Appreciation Score of 87 but a very low Power Rating of 0, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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