Wabash National Corp (NYSE: WNC) has reported earnings for its first fiscal quarter (ending March 31) of $0.40 versus $1.07 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $4.25 versus $3.14 for the same period a year ago.
Recent Price Action
Wabash National Corp (NYSE: WNC) stock suffered a large decline of -5.2% on 4/24/24. The stock closed at $24.42. Moreover, this decline was accompanied by unusually high trading volume at 169% of normal. The stock has declined -8.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
WNC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Wabash National has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Wabash National has a good Appreciation Score of 73 and a good Power Rating of 78, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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