For its second fiscal quarter (ending June 30), NV5 Global Inc (NASDAQ: NVEE) has reported a -50% decline in E.P.S. from $1.03 a year ago to $0.51 in the current quarter. This performance was $-0.68 short of the consensus estimate of $1.19. E.P.S. were $2.07 for the latest four quarters through June 30 versus $3.06 for the same period a year ago — a decline of -32%.
Recent Price Action
NV5 Global Inc (NASDAQ: NVEE) stock declined slightly by -0.8% on 8/7/24. The stock closed at $95.08. Moreover, this decline was accompanied by above average trading volume at 121% of normal. The stock has been weak relative to the market over the last nine months and has declined -7.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NVEE is expected to continue to be a Value Builder.
NV5 Global has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. NV5 Global has a neutral Appreciation Score of 43 and a slightly negative Power Rating of 38, and the Negative Value Trend Rating results.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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