For its first fiscal quarter (ending March 31), ICL GROUP LTD (NYSE: ICL) has reported a -64% decline in E.P.S. from $0.22 a year ago to $0.08 in the current quarter. This performance was $-0.02 short of the consensus estimate of $0.10. E.P.S. were $0.37 for the latest four quarters through March 31 versus $1.41 for the same period a year ago — a decline of -74%.
Recent Price Action
ICL GROUP LTD (NYSE: ICL) stock declined slightly by -0.6% on 5/9/24. The stock closed at $4.80. However, this decline was accompanied by below average trading volume at 82% of normal. The stock has been weak relative to the market over the last nine months but has risen 6.0% during the last week.
Current PriceTarget Research Rating
ICL is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
ICL GROUP has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ICL GROUP has a very high Appreciation Score of 88 but a very low Power Rating of 3, and the Low Neutral Value Trend Rating results.
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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