Lumentum Holdings Inc (NASDAQ: LITE) has reported a loss for its first fiscal quarter (ending September 30) of $-1.02 versus a loss $-0.01 for the same period a year ago. Relative to the consensus estimate of $0.29, this was a shortfall of $-1.31. For the latest four quarters through September 30, E.P.S. were $-2.93 compared to $1.64 a year ago — a decline of -279%.
Recent Price Action
Lumentum Holdings Inc (NASDAQ: LITE) stock closed at $42.87 on 11/8/23 after a large increase of 2.0%. The stock has risen 9.3% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
LITE is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Lumentum Holdings 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. Lumentum Holdings has a neutral Appreciation Score of 46 but a poor Power Rating of 27, 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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