Icahn Enterprises LP (NASDAQ: IEP) has reported a loss for its second fiscal quarter (ending June 30) of $-0.72 versus a loss $-0.72 for the same period a year ago. This performance was $-0.91 short of the consensus estimate of $0.19. E.P.S. were $-1.16 for the latest four quarters through June 30 versus $-2.57 for the same period a year ago.
Recent Price Action
Icahn Enterprises LP (NASDAQ: IEP) stock closed at $16.00 on 8/7/24 after a decline of -4.4%. Moreover, trading volume in this decline was exceptionally high at 242% of normal. The stock has declined -8.4% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, IEP is expected to continue to be a major Value Builder.
Icahn Enterprises has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Icahn Enterprises has a neutral Power Rating of 40 but a poor Appreciation Score of 18, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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