Charles Schwab Corp (NYSE: SCHW) has reported earnings for its second fiscal quarter (ending June 30) of $0.66 versus $0.64 for the same period a year ago — an increase of 3%. However, this result fell short of the consensus estimate of $0.76 by $-0.10. For the latest four quarters through June 30, E.P.S. were $2.42 versus $3.46 for the same period a year ago — a decline of -30%.
Recent Price Action
On 7/16/24, Charles Schwab Corp (NYSE: SCHW) stock suffered a major decline of -10.2%, closing at $67.43. Moreover, exceptionally high trading volume at 488% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -7.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, SCHW is expected to continue to be a major Value Builder.
Charles Schwab has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Charles Schwab has a poor Appreciation Score of 16 but a good Power Rating of 82, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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