NN Inc (NASDAQ: NNBR) has reported E.P.S. of $-0.34 for its first fiscal quarter (ending March 31) versus $-0.29 for the same period a year ago. This result fell short of the consensus estimate of $-0.04 by $-0.30. For the latest four quarters through March 31, E.P.S. were $-1.40 versus $-0.98 for the same period a year ago.
Recent Price Action
On 5/6/24, NN Inc (NASDAQ: NNBR) stock enjoyed a very large increase of 7.6%, closing at $3.80. Moreover, above average trading volume at 132% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.2% during the last week.
Current PriceTarget Research Rating
NNBR is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
NN has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. NN has a poor Appreciation Score of 17 but a very high Power Rating of 100, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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