For its second fiscal quarter (ending June 30), Climb Global Solutions Inc (NASDAQ: CLMB) has reported a 142% increase in E.P.S. from $0.31 a year ago to $0.75 in the current quarter. This performance was $0.27 better than the consensus estimate of $0.48. For the latest four quarters through June 30, E.P.S. were $3.02 compared to $2.61 a year ago — an increase of 16%.
Recent Price Action
Climb Global Solutions Inc (NASDAQ: CLMB) stock closed at $65.06 on 8/6/24 after a very large increase of 5.1%. Moreover, this advance was accompanied by exceptionally high trading volume at 273% of normal. The stock has declined -2.0% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CLMB is expected to continue to be a Value Builder.
Climb Global Solutions has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Climb Global Solutions has a slightly negative Appreciation Score of 31 but a very high Power Rating of 87, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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