For its third fiscal quarter (ending September 30), Genworth Financial Inc (NYSE: GNW) has reported a 233% increase in E.P.S. from $0.06 a year ago to $0.20 in the current quarter. For the latest four quarters through September 30, E.P.S. were $0.22 compared to $1.37 a year ago — a decline of -84%.
Recent Price Action
Genworth Financial Inc (NYSE: GNW) stock closed at $7.14 on 11/6/24 after a very large increase of 8.8%. Moreover, this advance was accompanied by exceptionally high trading volume at 202% of normal. The stock has been strong relative to the market over the last nine months and has risen 4.7% during the last week.
Current PriceTarget Research Rating
GNW is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Genworth Financial has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Genworth Financial has a neutral Power Rating of 60 but a good Appreciation Score of 80, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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