For its third fiscal quarter (ending September 30), Wabash National Corp (NYSE: WNC) has reported a -738% decline in E.P.S. from $1.18 a year ago to $-7.53 in the current quarter. For the latest four quarters through September 30, E.P.S. were $-5.23 compared to $4.68 a year ago — a decline of -212%.
Recent Price Action
Wabash National Corp (NYSE: WNC) stock closed at $16.90 on 10/24/24 after a slight decline of -0.9%. Moreover, exceptionally high trading volume at 232% of normal accompanied the decline. The stock has declined -10.6% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, WNC is expected to continue to be a Value Builder.
Wabash National has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Wabash National has a good Appreciation Score of 77 but a very low Power Rating of 6, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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