Icahn Enterprises LP (NASDAQ: IEP) has reported earnings for its third fiscal quarter (ending September 30) of $0.05 versus a loss $-0.01 for the same period a year ago. This performance was $-0.16 short of the consensus estimate of $0.21. E.P.S. were $-1.08 for the latest four quarters through September 30 versus $-2.21 for the same period a year ago.
Recent Price Action
Icahn Enterprises LP (NASDAQ: IEP) stock closed at $12.10 on 11/8/24 after a large decline of -6.1%. Moreover, trading volume in this decline was exceptionally high at 250% of normal. The stock has declined -3.7% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, IEP is expected to continue to be a major Value Builder.
Icahn Enterprises has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Icahn Enterprises has a slightly negative Appreciation Score of 35 and a poor Power Rating of 25, with the Lowest Value Trend Rating the result.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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