For its first fiscal quarter (ending June 30), ePlus Inc (NASDAQ: PLUS) has reported a -19% decline in E.P.S. from $1.27 a year ago to $1.03 in the current quarter. For the latest four quarters through June 30, E.P.S. were $4.11 compared to $4.92 a year ago — a decline of -16%.
Recent Price Action
ePlus Inc (NASDAQ: PLUS) stock closed at $79.91 on 8/6/24 after a modest gain of 0.7%. This advance was accompanied by normal trading volume. The stock has declined -11.8% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PLUS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
ePlus has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ePlus has a neutral Appreciation Score of 54 but a good Power Rating of 72, leading to the Positive Value Trend Rating.
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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