Trinet Group Inc (NYSE: TNET) has reported E.P.S. of $1.80 for its first fiscal quarter (ending March 31) versus $2.18 for the same period a year ago — a decline of -17%. This result fell short of the consensus estimate of $2.61 by $-0.81. For the latest four quarters through March 31, E.P.S. were $6.18 versus $5.56 for the same period a year ago — an increase of 11%.
Recent Price Action
Trinet Group Inc (NYSE: TNET) stock suffered a major decline of -16.6% on 4/26/24. The shares closed at $105.72. Moreover, exceptionally high trading volume at 355% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -18.4% during the last week.
Current PriceTarget Research Rating
TNET’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Trinet Group 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 highly consistent signals. Trinet Group has a slightly positive Power Rating of 65 and a slightly positive Appreciation Score of 66, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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