Alert: New Earnings Report (8/1/24)-Gen Digital Inc (NASDAQ: GEN).

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Gen Digital Inc (NASDAQ: GEN) has reported E.P.S. of $0.29 for its first fiscal quarter (ending June 30) versus $0.29 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $0.96 compared to $2.10 a year ago.

Recent Price Action

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Gen Digital Inc (NASDAQ: GEN) stock closed at $25.24 on 8/1/24 after a decline of -2.9%. However, below average trading volume at 82% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and is unchanged during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be above the cost of capital, GEN is expected to continue to be a major Value Builder.

Gen Digital has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Gen Digital has a good Power Rating of 72 and a very high Appreciation Score of 89, resulting in the Highest Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

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