Illumina Inc (NASDAQ: ILMN) has reported a loss for its second fiscal quarter (ending June 30) of $-12.48 versus a loss $-1.48 for the same period a year ago. Relative to the consensus estimate of $0.90, this was a shortfall of $-13.38. E.P.S. were $-19.16 for the latest four quarters through June 30 versus $-26.61 for the same period a year ago.
Recent Price Action
On 8/6/24, Illumina Inc (NASDAQ: ILMN) stock rose modestly by 0.8%, closing at $116.36. However, this advance was accompanied by unusually low trading volume at 61% of normal. Relative to the market the stock has been weak over the last nine months and has declined -4.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ILMN is expected to be a Value Builder.
Illumina has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Illumina has a slightly negative Power Rating of 35 and a poor Appreciation Score of 19, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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