Climb Global Solutions Inc (NASDAQ: CLMB) has reported earnings for its fourth fiscal quarter (ending December 31) of $1.15 versus $1.06 for the same period a year ago — an increase of 8%. This performance was $0.47 better than the consensus estimate of $0.68. E.P.S. were $2.72 for the latest four quarters through December 31 versus $2.81 for the same period a year ago — a decline of -3%.
Recent Price Action
On 2/28/24, Climb Global Solutions Inc (NASDAQ: CLMB) stock declined by -3.1%, closing at $58.11. Trading volume in this decline was normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CLMB is expected to continue to be an important Value Builder.
Climb Global Solutions has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Climb Global Solutions has a poor Appreciation Score of 23 but a very high Power Rating of 89, triggering the Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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