For its second fiscal quarter (ending September 30), Qorvo Inc (NASDAQ: QRVO) has reported a -118% decline in E.P.S. from $1.00 a year ago to $-0.18 in the current quarter. For the latest four quarters through September 30, E.P.S. were $-1.46 compared to $-1.00 a year ago — an increase of 46%.
Recent Price Action
Qorvo Inc (NASDAQ: QRVO) stock closed at $100.48 on 10/29/24 after a slight gain of 0.2%. Moreover, trading volume in this advance was exceptionally high at 203% of normal. The stock has declined -1.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
QRVO is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Qorvo has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Qorvo has a neutral Power Rating of 46 but a poor Appreciation Score of 28, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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