Alert: New Earnings Report (7/23/24)-A. O. Smith Corp (NYSE: AOS).

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A. O. Smith Corp (NYSE: AOS) has reported E.P.S. of $1.06 for its second fiscal quarter (ending June 30) versus $1.04 for the same period a year ago — an increase of 2%. This performance was $0.00 better than the consensus estimate of $1.05. For the latest four quarters through June 30, E.P.S. were $3.88 compared to $1.81 a year ago — an increase of 114%.

Recent Price Action

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A. O. Smith Corp (NYSE: AOS) stock suffered a large decline of -9.4% on 7/23/24. The stock closed at $80.47. Moreover, trading volume in this decline was exceptionally high at 297% of normal. The stock has been strong relative to the market over the last nine months but has declined -8.3% during the last week.

Current PriceTarget Research Rating

AOS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

A. O. Smith has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. A. O. Smith has a very low Appreciation Score of 12 but a neutral Power Rating of 56, resulting in the Negative Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

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