For its third fiscal quarter (ending March 31), Radiant Logistics Inc (NYSEAMERICAN: RLGT) has reported a -122% decline in E.P.S. from $0.09 a year ago to $-0.02 in the current quarter. This result fell short of the consensus estimate of $0.11 by $-0.13. For the latest four quarters through March 31, E.P.S. were $0.13 versus $0.70 for the same period a year ago — a decline of -81%.
Recent Price Action
Radiant Logistics Inc (NYSEAMERICAN: RLGT) stock closed at $5.18 on 5/9/24 after a modest gain of 0.8%. This advance was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months but has risen 2.8% during the last week.
Current PriceTarget Research Rating
RLGT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Radiant Logistics has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Radiant Logistics has a slightly positive Appreciation Score of 62 but a poor Power Rating of 16, leading to the Negative Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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