CDW Corp (NASDAQ: CDW) has reported E.P.S. of $1.61 for its first fiscal quarter (ending March 31) versus $1.70 for the same period a year ago — a decline of -5%. Relative to the consensus estimate of $2.49, this was a shortfall of $-0.88. For the latest four quarters through March 31, E.P.S. were $8.11 compared to $8.09 a year ago — an increase of 0%.
Recent Price Action
On 5/1/24, CDW Corp (NASDAQ: CDW) stock suffered a major decline of -11.3%, closing at $214.61. Moreover, trading volume in this decline was exceptionally high at 366% of normal. The stock has been strong relative to the market over the last nine months but has declined -10.8% during the last week.
Current PriceTarget Research Rating
CDW is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
CDW 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. CDW has a slightly negative Appreciation Score of 30 but a very high Power Rating of 88, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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