Washington Federal Inc. (NASDAQ: WAFD) has reported E.P.S. of $0.71 for its fourth fiscal quarter (ending September 30) versus $0.72 for the same period a year ago — a decline of -1%. However, this result exceeded the consensus estimate of $0.69 by $0.02. E.P.S. were $2.50 for the latest four quarters through September 30 versus $3.72 for the same period a year ago — a decline of -33%.
Recent Price Action
On 10/17/24, Washington Federal Inc. (NASDAQ: WAFD) stock rose modestly by 0.5%, closing at $36.95. Moreover, trading volume in this advance was above average at 147% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.4% during the last week.
Current PriceTarget Research Rating
WAFD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Washington Federal has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Washington Federal has a good Power Rating of 83 and a very high Appreciation Score of 86, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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