Alert: New Earnings Report (2/29/24)-inTest Corp (NYSEAMERICAN: INTT).

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inTest Corp (NYSEAMERICAN: INTT) has reported E.P.S. of $0.14 for its fourth fiscal quarter (ending December 31) versus $0.30 for the same period a year ago — a decline of -53%. Relative to the consensus estimate of $0.14, this was a premium of $0.00. For the latest four quarters through December 31, E.P.S. were $0.90 compared to $0.79 a year ago — an increase of 14%.

Recent Price Action

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inTest Corp (NYSEAMERICAN: INTT) stock increased 1.3% on 2/29/24. The shares closed at $11.68. However, trading volume in this advance was below average at 80% of normal. The stock has been extremely weak relative to the market over the last nine months but is unchanged during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, INTT is expected to continue to be a modest Value Builder.

inTest has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. inTest has a slightly negative Appreciation Score of 40 and a very low Power Rating of 12, producing the Lowest Value Trend Rating.

Rating Review

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

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