Can tronc, Inc. (NASDAQ:TRNC) Make a Bullish Move?

tronc, Inc. (NASDAQ:TRNC) currently has an Average Broker Rating of 1. The ABR rank within the industry stands at 92. This number is based on the 1 sell-side firms polled by Zacks.   

The ABR is provided by Zacks which simplfies analyst ratings into an integer based number. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating.  Analysts on a consensus basis are expecting that the stock will reach $20 within the year.  

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Most recently tronc, Inc. (NASDAQ:TRNC) posted quarterly earnings of $0.17 which compared to the sell-side estimates of -0.12. The stock’s 12-month trailing earnings per share stands at $1.38. Shares have moved $21.34 over the past month and more recently, $1.49 over the past week heading into the earnings announcement. There are 1 analyst projections that were taken into consideration from respected brokerage firms.

Research analysts are predicting that tronc, Inc. (NASDAQ:TRNC) will report earnings of $0.55 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.

tronc, Inc. (NASDAQ:TRNC) closed the last session at $17.74 and sees an average of 138765.7 shares trade hands in each session. The 52-week low of the stock stands at $10.91 while the current level stands at 96.74% of the 52-week High-Low range. Looking further out we can see that the stock has moved 25.64% over the past 12 weeks and 27.9% year to date.

1 analysts rate tronc, Inc. a Buy or Strong Buy, which is 100% of all the analyst ratings.

This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.

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