For its third fiscal quarter (ending October 31), Genesco Inc. (NYSE: GCO) has reported a -393% decline in E.P.S. from $0.60 a year ago to $-1.76 in the current quarter. For the latest four quarters through October 31, E.P.S. were $-3.02 versus $-0.58 for the same period a year ago.
Recent Price Action
On 12/6/24, Genesco Inc. (NYSE: GCO) stock enjoyed a very large increase of 9.5%, closing at $40.95. Moreover, this advance was accompanied by exceptionally high trading volume at 254% of normal. Relative to the market the stock has been strong over the last nine months and has risen 18.3% during the last week.
Current PriceTarget Research Rating
Genesco has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Genesco has a slightly positive Appreciation Score of 68 and a good Power Rating of 78, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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