Alert: New Earnings Report (12/7/23)-Artio Global Investors Inc (NASDAQ: AVGO).


For its fourth fiscal quarter (ending October 31), Artio Global Investors Inc (NASDAQ: AVGO) has reported a 6% increase in E.P.S. from $8.06 a year ago to $8.53 in the current quarter. However, this performance was $-2.43 short of the consensus estimate of $10.96. E.P.S. were $33.93 for the latest four quarters through October 31 versus $27.44 for the same period a year ago — an increase of 24%.


Recent Price Action

On 12/7/23, Artio Global Investors Inc (NASDAQ: AVGO) stock enjoyed a large increase of 2.1%, closing at $922.26. Moreover, trading volume in this advance was unusually high at 169% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.0% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, AVGO is expected to continue to be a major Value Builder.

Broadcom has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Broadcom has a neutral Appreciation Score of 48 but a very high Power Rating of 96, leading to the Positive Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

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