ModivCare Inc (NASDAQ: MODV) has reported E.P.S. of $-9.07 for its second fiscal quarter (ending June 30) versus $-13.47 for the same period a year ago. Relative to the consensus estimate of $0.76, this was a shortfall of $-9.84. For the latest four quarters through June 30, E.P.S. were $-11.31 compared to $-16.28 a year ago.
Recent Price Action
ModivCare Inc (NASDAQ: MODV) stock declined by -2.4% on 8/7/24. The shares closed at $19.49. Moreover, unusually high trading volume at 168% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -15.2% during the last week.
Current PriceTarget Research Rating
MODV is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
ModivCare has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. ModivCare has a very high Appreciation Score of 93 but a very low Power Rating of 10, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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