PerkinElmer Inc. (NYSE: PKI) has reported E.P.S. of $0.23 for its first fiscal quarter (ending March 31) versus $0.20 for the same period a year ago — an increase of 15%. Relative to the consensus estimate of $1.05, this was a shortfall of $-0.82. For the latest four quarters through March 31, E.P.S. were $1.48 compared to $2.80 a year ago — a decline of -47%.
Recent Price Action
PerkinElmer Inc. (NYSE: PKI) stock closed at $105.02 on 4/29/24 after a large increase of 3.5%. NORMAL trading volume accompanied the advance. The stock has risen 4.1% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PKI is expected to continue to be a modest Value Builder.
PerkinElmer has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. PerkinElmer has a good Appreciation Score of 74 but a slightly negative Power Rating of 35, with the 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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