Veeco Instruments Inc (NASDAQ: VECO) has reported E.P.S. of $0.27 for its second fiscal quarter (ending June 30) versus $-1.61 for the same period a year ago. Relative to the consensus estimate of $0.43, this was a shortfall of $-0.16. E.P.S. were $1.49 for the latest four quarters through June 30 versus $1.40 for the same period a year ago — an increase of 6%.
Recent Price Action
Veeco Instruments Inc (NASDAQ: VECO) stock rose modestly by 0.3% on 8/6/24. The stock closed at $35.12. Moreover, above average trading volume at 126% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -11.5% during the last week.
Current PriceTarget Research Rating
VECO is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Veeco Instruments has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Veeco Instruments has a slightly negative Appreciation Score of 36 but a very high Power Rating of 92, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment