Brightsphere Investment Group In (NYSE: BSIG) has reported earnings for its first fiscal quarter (ending March 31) of $0.37 versus $0.29 for the same period a year ago — an increase of 28%. However, this result fell short of the consensus estimate of $0.42 by $-0.05. For the latest four quarters through March 31, E.P.S. were $1.66 versus $2.14 for the same period a year ago — a decline of -22%.
Recent Price Action
Brightsphere Investment Group In (NYSE: BSIG) stock rose modestly by 0.9% on 5/2/24. The stock closed at $22.62. Moreover, trading volume in this advance was above average at 120% of normal. Relative to the market the stock has been strong over the last nine months but has declined -2.0% during the last week.
Current PriceTarget Research Rating
BSIG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Brightsphere Investment Group In has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Brightsphere Investment Group In has a very high Power Rating of 86 and a very high Appreciation Score of 89, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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