For its first fiscal quarter (ending March 31), Enovis Corporation (NYSE: ENOV) has reported E.P.S. of $-1.32 compared to $-0.42 a year ago. Relative to the consensus estimate of $0.56, this was a shortfall of $-1.88. For the latest four quarters through March 31, E.P.S. were $-1.90 versus $-0.42 for the same period a year ago.
Recent Price Action
Enovis Corporation (NYSE: ENOV) stock suffered a large decline of -5.9% on 5/2/24. The stock closed at $52.13. Moreover, this decline was accompanied by exceptionally high trading volume at 363% of normal. The stock has been strong relative to the market over the last nine months but has declined -7.2% during the last week.
Current PriceTarget Research Rating
ENOV is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Enovis has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Enovis has a neutral Appreciation Score of 47 and a slightly positive Power Rating of 63, producing the Neutral Value Trend Rating.
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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