Global Industrial Co (NYSE: GIC) has reported earnings for its third fiscal quarter (ending September 30) of $0.44 versus $0.54 for the same period a year ago — a decline of -19%. For the latest four quarters through September 30, E.P.S. were $1.70 versus $1.80 for the same period a year ago — a decline of -6%.
Recent Price Action
Global Industrial Co (NYSE: GIC) stock closed at $33.05 on 10/29/24 after a slight decline of -0.7%. NORMAL trading volume accompanied the decline. The stock has declined -3.3% during the last week and has been weak 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, GIC is expected to continue to be a major Value Builder.
Global Industrial has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Global Industrial has a neutral Power Rating of 45 and a slightly negative Appreciation Score of 34, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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