For its third fiscal quarter (ending September 30), Trinet Group Inc (NYSE: TNET) has reported a -45% decline in E.P.S. from $1.65 a year ago to $0.90 in the current quarter. For the latest four quarters through September 30, E.P.S. were $5.24 compared to $6.02 a year ago — a decline of -13%.
Recent Price Action
On 10/25/24, Trinet Group Inc (NYSE: TNET) stock suffered a major decline of -12.4%, closing at $80.31. Moreover, exceptionally high trading volume at 742% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -17.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TNET is expected to continue to be a major Value Builder.
Trinet Group has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Trinet Group has a good Appreciation Score of 77 but a slightly negative Power Rating of 37, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment