For its first fiscal quarter (ending March 31), Glaukos Corp (NYSE: GKOS) has reported E.P.S. of $-0.82 compared to $-0.72 a year ago. This performance was $-0.36 short of the consensus estimate of $-0.46. E.P.S. were $-2.88 for the latest four quarters through March 31 versus $-2.92 for the same period a year ago.
Recent Price Action
On 5/1/24, Glaukos Corp (NYSE: GKOS) stock enjoyed a large increase of 3.0%, closing at $98.91. Moreover, trading volume in this advance was above average at 126% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GKOS is expected to be a modest Value Builder.
Glaukos has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Glaukos has a very low Appreciation Score of 4 but a good Power Rating of 76, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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