For its third fiscal quarter (ending June 30), Cabot Corp (NYSE: CBT) has reported a 35% increase in E.P.S. from $1.44 a year ago to $1.94 in the current quarter. This performance was $0.23 better than the consensus estimate of $1.71. E.P.S. were $8.43 for the latest four quarters through June 30 versus $5.33 for the same period a year ago — an increase of 58%.
Recent Price Action
Cabot Corp (NYSE: CBT) stock declined by -3.3% on 8/5/24. The shares closed at $86.96. Moreover, trading volume in this decline was exceptionally high at 273% of normal. The stock has declined -11.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CBT is expected to continue to be a major Value Builder.
Cabot has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Cabot has a neutral Appreciation Score of 42 but a good Power Rating of 84, leading to the Positive Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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