For its third fiscal quarter (ending September 30), Genie Energy Ltd (NYSE: GNE) has reported a -31% decline in E.P.S. from $0.55 a year ago to $0.38 in the current quarter. E.P.S. were $0.14 for the latest four quarters through September 30 versus $1.93 for the same period a year ago — a decline of -93%.
Recent Price Action
Genie Energy Ltd (NYSE: GNE) stock enjoyed a very large increase of 7.4% on 11/6/24. The shares closed at $16.83. Moreover, this advance was accompanied by exceptionally high trading volume at 203% of normal. The stock has risen 5.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
GNE’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Genie Energy has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Genie Energy has a poor Appreciation Score of 25 but a neutral Power Rating of 52, 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.
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