Genie Energy Ltd (NYSE: GNE) has reported E.P.S. of $0.37 for its second fiscal quarter (ending June 30) versus $0.46 for the same period a year ago — a decline of -20%. E.P.S. were $0.31 for the latest four quarters through June 30 versus $2.23 for the same period a year ago — a decline of -86%.
Recent Price Action
Genie Energy Ltd (NYSE: GNE) stock closed at $15.16 on 8/6/24 after a modest decline of -1.7%. NORMAL trading volume accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -9.8% during the last week.
Current PriceTarget Research Rating
GNE’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Genie Energy has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Genie Energy has a poor Appreciation Score of 20 and a poor Power Rating of 18, triggering the Lowest Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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