For its first fiscal quarter (ending December 31), EMCORE Corp (NASDAQ: EMKR) has reported E.P.S. of $-0.60 compared to $-0.05 a year ago. This result fell short of the consensus estimate of $-0.18 by $-0.42. For the latest four quarters through December 31, E.P.S. were $-3.12 versus $-0.74 for the same period a year ago.
Recent Price Action
EMCORE Corp (NASDAQ: EMKR) stock rose modestly by 0.7% on 2/13/25. The stock closed at $3.09. Moreover, this advance was accompanied by exceptionally high trading volume at 263% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.5% during the last week.
Current PriceTarget Research Rating
EMCORE 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 inconsistent signals. EMCORE has a neutral Appreciation Score of 50 but a very high Power Rating of 98, with the Highest 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 A. This review will be completed in the next several days.
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