Axon Enterprise Inc (NASDAQ: AXON) has reported earnings for its first fiscal quarter (ending March 31) of $1.77 versus $0.62 for the same period a year ago — an increase of 185%. Relative to the consensus estimate of $1.22, this was a premium of $0.56. For the latest four quarters through March 31, E.P.S. were $3.49 compared to $1.92 a year ago — an increase of 82%.
Recent Price Action
On 5/6/24, Axon Enterprise Inc (NASDAQ: AXON) stock enjoyed a large increase of 2.9%, closing at $327.64. Moreover, above average trading volume at 137% of normal accompanied the advance. The stock has risen 6.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
AXON’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Axon Enterprise 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. Axon Enterprise has a poor Appreciation Score of 16 but a very high Power Rating of 99, producing the High Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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