Intrepid Potash Inc (NYSE: IPI) has reported a loss for its second fiscal quarter (ending June 30) of $-0.06 versus $0.34 for the same period a year ago — a decline of -118%. Relative to the consensus estimate of $-0.01, this was a shortfall of $-0.05. For the latest four quarters through June 30, E.P.S. were $-3.78 compared to $1.99 a year ago — a decline of -290%.
Recent Price Action
On 8/5/24, Intrepid Potash Inc (NYSE: IPI) stock suffered a large decline of -6.2%, closing at $22.08. Moreover, unusually high trading volume at 190% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -18.0% during the last week.
Current PriceTarget Research Rating
IPI’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Intrepid Potash has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Intrepid Potash has a slightly positive Power Rating of 62 and a good Appreciation Score of 75, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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