Envestnet Inc (NYSE: ENV) has reported E.P.S. of $0.05 for its first fiscal quarter (ending March 31) versus $-0.76 for the same period a year ago. Relative to the consensus estimate of $0.69, this was a shortfall of $-0.64. For the latest four quarters through March 31, E.P.S. were $-3.56 compared to $-1.97 a year ago.
Recent Price Action
Envestnet Inc (NYSE: ENV) stock closed at $62.76 on 5/7/24 after a modest decline of -1.1%. NORMAL trading volume accompanied the decline. The stock is unchanged during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
ENV’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Envestnet has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Envestnet has a very low Appreciation Score of 11 but a very high Power Rating of 88, resulting in 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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