Diodes Inc (NASDAQ: DIOD) has reported earnings for its first fiscal quarter (ending March 31) of $0.30 versus $1.56 for the same period a year ago — a decline of -81%. This performance was $-0.50 short of the consensus estimate of $0.80. E.P.S. were $3.70 for the latest four quarters through March 31 versus $7.25 for the same period a year ago — a decline of -49%.
Recent Price Action
Diodes Inc (NASDAQ: DIOD) stock closed at $76.47 on 5/9/24 after a large increase of 2.6%. Moreover, trading volume in this advance was unusually high at 163% of normal. The stock has risen 7.7% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
DIOD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Diodes has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Diodes has a neutral Appreciation Score of 54 but a poor Power Rating of 20, producing the Negative Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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