Azenta Inc (NASDAQ: AZTA) has reported E.P.S. of $-2.47 for its second fiscal quarter (ending March 31) versus $-0.03 for the same period a year ago. Relative to the consensus estimate of $0.08, this was a shortfall of $-2.55. For the latest four quarters through March 31, E.P.S. were $-2.71 compared to $-0.35 a year ago.
Recent Price Action
Azenta Inc (NASDAQ: AZTA) stock closed at $54.07 on 5/8/24 after a modest decline of -1.9%. Moreover, unusually high trading volume at 176% of normal accompanied the decline. The stock has risen 3.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
AZTA’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Azenta has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Azenta has a slightly negative Appreciation Score of 40 but a good Power Rating of 73, 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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