WisdomTree Inc (NYSE: WT) has reported earnings for its first fiscal quarter (ending March 31) of $0.14 versus $0.10 for the same period a year ago — an increase of 40%. This result exceeded the consensus estimate of $0.13 by $0.01. For the latest four quarters through March 31, E.P.S. were $0.69 versus $0.45 for the same period a year ago — an increase of 53%.
Recent Price Action
WisdomTree Inc (NYSE: WT) stock declined modestly by -1.4% on 4/26/24. The stock closed at $8.65. Moreover, trading volume in this decline was unusually high at 157% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, WT is expected to continue to be an important Value Builder.
WisdomTree has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. WisdomTree has a slightly negative Appreciation Score of 33 but a very high Power Rating of 92, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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