Azenta Inc (NASDAQ: AZTA) has reported a loss for its third fiscal quarter (ending June 30) of $-0.12 versus a loss $-0.04 for the same period a year ago. This result fell short of the consensus estimate of $0.07 by $-0.19. For the latest four quarters through June 30, E.P.S. were $-2.85 versus $-0.30 for the same period a year ago.
Recent Price Action
Azenta Inc (NASDAQ: AZTA) stock enjoyed a large increase of 4.4% on 8/6/24. The stock closed at $58.34. Moreover, above average trading volume at 129% of normal accompanied the advance. The stock has declined -3.8% during the last week and has been weak 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 (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Azenta has a slightly negative Appreciation Score of 39 and a slightly negative Power Rating of 33, with the Low Neutral Value Trend Rating the result.
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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