IRSA Inversiones y Representaciones Sociedad Anonima (NYSE:IRS) Recent Earnings Shows Major Promise

IRSA Inversiones y Representaciones Sociedad Anonima (NYSE:IRS) Recent Earnings Shows Major Promise

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The IRSA Inversiones y Representaciones Sociedad Anonima (IRS) shares are trading at higher $3.36 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $10.74 and the low is $2.77. Over the last 52 weeks, IRS is down -68.73% while the S&P 500 is up 1.07%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, IRS reported a profit of $-94.34 million. IRSA Inversiones y Representaciones Sociedad Anonima also saw revenues decrease to $371.43 million. In addition, IRS has free cash flow of $221.41 million as of 12-2019 The company’s EBITDA came in at -$37.88 million which compares well with its peers.

IRS booked profit margins of -26.00%, its Return on Equity (ROE) is -56.60%, and its Return on Assets is -4.30%. All told, it is clear that, IRS needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. IRS has a short ratio of 1.37 and outstanding shares of 57.59M.

Company Outlook

IRS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 93090.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -9.33. Investors should also keep an eye on sector updates as IRS has historically followed its peers on positive news.

All told, IRSA Inversiones y Representaciones Sociedad Anonima IRS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, IRS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

IRSA Inversiones y Representaciones Sociedad Anonima IRS is now commanding a market cap of 312.75M and a float of 57.29M. IRS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of IRS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in IRS, either long or short, and we have not been compensated for this article.