Monro Inc (NASDAQ: MNRO) has reported earnings for its second fiscal quarter (ending September 30) of $0.18 versus $0.40 for the same period a year ago — a decline of -55%. E.P.S. were $0.87 for the latest four quarters through September 30 versus $1.10 for the same period a year ago — a decline of -21%.
Recent Price Action
Monro Inc (NASDAQ: MNRO) stock closed at $27.73 on 10/30/24 after a large increase of 3.5%. Moreover, this advance was accompanied by exceptionally high trading volume at 308% of normal. Relative to the market the stock has been weak over the last nine months but has risen 1.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MNRO is expected to continue to be a modest Value Builder.
Monro has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Monro has a neutral Appreciation Score of 42 and a slightly negative Power Rating of 33, with the Negative Value Trend Rating the result.
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.
Be the first to comment