ICL GROUP LTD (NYSE: ICL) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.05 versus $0.26 for the same period a year ago — a decline of -81%. This result fell short of the consensus estimate of $0.08 by $-0.03. For the latest four quarters through December 31, E.P.S. were $0.50 compared to $1.68 a year ago — a decline of -70%.
Recent Price Action
ICL GROUP LTD (NYSE: ICL) stock rose slightly by 0.2% on 2/28/24. The stock closed at $5.13. However, below average trading volume at 82% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 3.4% during the last week.
Current PriceTarget Research Rating
ICL is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
ICL GROUP has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. ICL GROUP has a good Appreciation Score of 84 but a very low Power Rating of 8, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this discouraging 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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