Spire Inc (NYSE: SR) has reported earnings for its second fiscal quarter (ending March 31) of $3.59 versus $3.33 for the same period a year ago — an increase of 8%. However, this result fell short of the consensus estimate of $3.83 by $-0.24. For the latest four quarters through March 31, E.P.S. were $4.02 versus $4.70 for the same period a year ago — a decline of -14%.
Recent Price Action
Spire Inc (NYSE: SR) stock rose slightly by 0.2% on 5/1/24. The stock closed at $61.90. Moreover, this advance was accompanied by above average trading volume at 137% of normal. The stock has performed in line with the market over the last nine months and has risen 1.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SR is expected to continue to be a Value Builder.
Spire has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Spire has a good Appreciation Score of 74 but a neutral Power Rating of 45, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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