For its second fiscal quarter (ending June 30), Southwest Gas Holdings Inc (NYSE: SWX) has reported a -35% decline in E.P.S. from $0.40 a year ago to $0.26 in the current quarter. This result fell short of the consensus estimate of $0.48 by $-0.22. For the latest four quarters through June 30, E.P.S. were $2.55 versus $-3.18 for the same period a year ago.
Recent Price Action
Southwest Gas Holdings Inc (NYSE: SWX) stock declined by -2.2% on 8/6/24. The shares closed at $69.92. Moreover, exceptionally high trading volume at 287% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.6% during the last week.
Current PriceTarget Research Rating
SWX is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Southwest Gas Holdings has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Southwest Gas Holdings has a slightly negative Appreciation Score of 35 but a very high Power Rating of 85, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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