DXP Enterprises Inc (NASDAQ: DXPE) has reported earnings for its first fiscal quarter (ending March 31) of $0.67 versus $1.00 for the same period a year ago — a decline of -33%. This result fell short of the consensus estimate of $1.01 by $-0.34. For the latest four quarters through March 31, E.P.S. were $3.75 versus $2.90 for the same period a year ago — an increase of 29%.
Recent Price Action
DXP Enterprises Inc (NASDAQ: DXPE) stock enjoyed a large increase of 3.7% on 5/8/24. The stock closed at $55.50. This advance was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months and has risen 13.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, DXPE is expected to continue to be an important Value Builder.
DXP Enterprises has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. DXP Enterprises has a neutral Appreciation Score of 47 but a very high Power Rating of 94, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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