Xencor Inc (NASDAQ: XNCR) has reported a loss for its first fiscal quarter (ending March 31) of $-1.11 versus a loss $-1.02 for the same period a year ago. This result fell short of the consensus estimate of $-0.81 by $-0.30. For the latest four quarters through March 31, E.P.S. were $-2.19 versus $-2.34 for the same period a year ago.
Recent Price Action
Xencor Inc (NASDAQ: XNCR) stock declined slightly by -0.5% on 5/9/24. The stock closed at $23.54. However, this decline was accompanied by unusually low trading volume at 66% of normal. The stock has performed in line with the market over the last nine months and has declined -1.6% 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, XNCR is expected to continue to be Value Creation neutral.
Xencor 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. Xencor has a poor Appreciation Score of 17 but a neutral Power Rating of 55, with the Negative Value Trend Rating the result.
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.
Be the first to comment