Enovis Corporation (NYSE: ENOV) has reported a loss for its third fiscal quarter (ending September 30) of $-0.36 versus a loss $-1.22 for the same period a year ago. This performance was $-0.90 short of the consensus estimate of $0.54. E.P.S. were $-2.06 for the latest four quarters through September 30 versus $0.03 for the same period a year ago — a decline of -6967%.
Recent Price Action
Enovis Corporation (NYSE: ENOV) stock enjoyed a large increase of 4.2% on 11/7/23. The stock closed at $48.33. The stock has performed in line with the market over the last nine months and has risen 7.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ENOV is expected to continue to be a modest Value Builder.
Enovis has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Enovis has a neutral Power Rating of 48 and a neutral Appreciation Score of 45, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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