MKM Partners' 11 Contrarian Bank and Insurance Stock Picks to Buy Before June

NEW YORK (TheStreet) -- June has historically been one of the weakest months for equities. Stock selection -- both buying and selling -- will be critical in the short term. Despite the month's historical underperformance, there are financial services stocks worth investing in.

The stock market in June has averaged a 1.32% decline over the past 10 years, Jonathan Krinsky, the chief market technician at MKM Partners, wrote in a technical strategy report published Tuesday. Meanwhile, July has bounced back, averaging a 1.68% gain, he said.

"June will be here quickly, and it has been by far the worst month for stocks over the last 10 years," Krinsky wrote. "Therefore, some weakness into early summer would not be surprising, but in our view that would set-up a buying opportunity in July,"

"We think this market continues to be two steps forward one step back, where stock selection is more important than market direction," Krinsky added.

The report highlights 40 contrarian stock ideas by screening the Russell 3000 to find 30 stocks that have less than 25% analyst buy ratings, but have bullish charts. The report also highlights 10 stocks that have over 75% analyst buy ratings but have bearish charts.

The buy screen included 11 financial services sector stocks. Below, TheStreet paired those stocks with ratings from TheStreet Ratings. And when you're done be sure to check out MKM Partner's health care stocks to sell before June.

TheStreet Ratings, TheStreet's proprietary ratings tool, projects a stock's total return potential over a 12-month period including both price appreciation and dividends. Based on 32 major data points, TheStreet Ratings uses a quantitative approach to rating over 4,300 stocks to predict return potential for the next year. The model is both objective, using elements such as volatility of past operating revenues, financial strength, and company cash flows, and subjective, including expected equities market returns, future interest rates, implied industry outlook and forecasted company earnings.

Buying an S&P 500 stock that TheStreet Ratings rated a "buy" yielded a 16.56% return in 2014 beating the S&P 500 Total Return Index by 304 basis points. Buying a Russell 2000 stock that TheStreet Ratings rated a "buy" yielded a 9.5% return in 2014, beating the Russell 2000 index, including dividends reinvested, by 460 basis points last year.

Note: Year-to-date returns are based on May 26, 2015 closing prices.

AFL Chart AFL data by YCharts

1. Aflac Inc. (AFL)
Sub-industry: Life & Health Insurance
Market Cap: $26.8 billion
Year-to-date return: 1%
Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S.

TheStreet Ratings: Buy, B+
TheStreet Ratings said: "We rate AFLAC INC (AFL) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in stock price during the past year and notable return on equity. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 7.8%. Since the same quarter one year prior, revenues slightly dropped by 7.3%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • Despite currently having a low debt-to-equity ratio of 0.34, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Insurance industry and the overall market, AFLAC INC's return on equity exceeds that of both the industry average and the S&P 500.
  • In its most recent trading session, AFL has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.

 

 

ASB Chart ASB data by YCharts

2. Associated Banc-Corp (ASB)
Sub-industry: Regional Banks
Market Cap: $2.9 billion
Year-to-date return: 2.5%
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products and services to individuals and businesses in Wisconsin, Illinois, and Minnesota.

TheStreet Ratings: Buy, B+
TheStreet Ratings said: "We rate ASSOCIATED BANC-CORP (ASB) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, increase in stock price during the past year and attractive valuation levels. We feel its strengths outweigh the fact that the company shows weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • ASB's revenue growth has slightly outpaced the industry average of 0.3%. Since the same quarter one year prior, revenues slightly increased by 6.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • ASSOCIATED BANC-CORP has improved earnings per share by 11.1% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ASSOCIATED BANC-CORP increased its bottom line by earning $1.17 versus $1.10 in the prior year. This year, the market expects an improvement in earnings ($1.21 versus $1.17).
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500, but is less than that of the Commercial Banks industry average. The net income increased by 3.3% when compared to the same quarter one year prior, going from $45.20 million to $46.67 million.
  • The stock has risen over the past year as investors have generally rewarded the company for its earnings growth and other positive factors like the ones we have cited in this report. The stock's price rise over the last year has driven it to a level which is somewhat expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.

 

BOH Chart BOH data by YCharts

3. Bank of Hawaii Corp. (BOH)
Sub-industry: Regional Banks
Market Cap: $2.7 billion
Year-to-date return: 6.4%
Bank of Hawaii Corporation operates as the holding company for Bank of Hawaii that provides financial services and products in Hawaii, Guam, and other Pacific Islands. The company operates through Retail Banking, Commercial Banking, Investment Services, and Treasury and Other segments.

TheStreet Ratings: Buy, A-
TheStreet Ratings said: "We rate BANK OF HAWAII CORP (BOH) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, increase in net income and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • BOH's revenue growth has slightly outpaced the industry average of 0.3%. Since the same quarter one year prior, revenues slightly increased by 7.5%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Commercial Banks industry and the overall market, BANK OF HAWAII CORP's return on equity exceeds that of both the industry average and the S&P 500.
  • BANK OF HAWAII CORP has improved earnings per share by 11.5% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, BANK OF HAWAII CORP increased its bottom line by earning $3.70 versus $3.39 in the prior year. This year, the market expects an improvement in earnings ($3.75 versus $3.70).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Commercial Banks industry average. The net income increased by 10.0% when compared to the same quarter one year prior, going from $38.59 million to $42.44 million.
  • The gross profit margin for BANK OF HAWAII CORP is currently very high, coming in at 94.09%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 26.78% trails the industry average.

 

FII Chart FII data by YCharts

4. Federated Investors Inc. (FII)
Sub-industry: Asset Management & Custody Banks
Market Cap: $3.6 billion
Year-to-date return: 4%

Federated Investors, Inc. is a publicly owned asset management holding company.

TheStreet Ratings: Buy, A-
TheStreet Ratings said: "We rate FEDERATED INVESTORS INC (FII) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • Despite its growing revenue, the company underperformed as compared with the industry average of 5.6%. Since the same quarter one year prior, revenues slightly increased by 4.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. The stock's price rise over the last year has driven it to a level which is somewhat expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • FEDERATED INVESTORS INC's earnings per share improvement from the most recent quarter was slightly positive. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, FEDERATED INVESTORS INC reported lower earnings of $1.43 versus $1.55 in the prior year. This year, the market expects an improvement in earnings ($1.66 versus $1.43).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly underperformed compared to the Capital Markets industry average, but is greater than that of the S&P 500. The net income increased by 3.2% when compared to the same quarter one year prior, going from $35.19 million to $36.31 million.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Capital Markets industry and the overall market, FEDERATED INVESTORS INC's return on equity significantly exceeds that of both the industry average and the S&P 500.

 

FULT Chart FULT data by YCharts

5. Fulton Financial Corp. (FULT)
Sub-industry: Regional Banks
Market Cap: $2.3 billion
Year-to-date return: 1.9%

Fulton Financial Corporation operates as a multi-bank financial holding company that provides a range of banking and financial services to businesses and consumers.

TheStreet Ratings: Buy, B+
TheStreet Ratings said: "We rate FULTON FINANCIAL CORP (FULT) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, attractive valuation levels and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • FULT's revenue growth has slightly outpaced the industry average of 0.3%. Since the same quarter one year prior, revenues slightly increased by 1.7%. This growth in revenue does not appear to have trickled down to the company's bottom line, displaying stagnant earnings per share.
  • FULTON FINANCIAL CORP reported flat earnings per share in the most recent quarter. Stable earnings per share over the past year indicate the company has sound management over its earnings and share float. We anticipate these figures will begin to experience more growth in the coming year. During the past fiscal year, FULTON FINANCIAL CORP increased its bottom line by earning $0.85 versus $0.84 in the prior year. This year, the market expects an improvement in earnings ($0.86 versus $0.85).
  • The gross profit margin for FULTON FINANCIAL CORP is currently very high, coming in at 90.29%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 21.01% trails the industry average.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results. The stock's price rise over the last year has driven it to a level which is somewhat expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.

 

INDB Chart INDB data by YCharts

6. Independent Bank Corp. (INDB)
Sub-industry: Regional Banks
Market Cap: $1.2 billion
Year-to-date return: 4.5%

Independent Bank Corp. operates as the holding company for Rockland Trust Company that provides banking products and services primarily to small-to-medium sized businesses and individuals in Massachusetts.

TheStreet Ratings: Buy, A
TheStreet Ratings said: "We rate INDEPENDENT BANK CORP/MA (INDB) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • INDB's revenue growth has slightly outpaced the industry average of 0.3%. Since the same quarter one year prior, revenues slightly increased by 6.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The gross profit margin for INDEPENDENT BANK CORP/MA is currently very high, coming in at 93.59%. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, INDB's net profit margin of 12.96% significantly trails the industry average.
  • Compared to its closing price of one year ago, INDB's share price has jumped by 28.68%, exceeding the performance of the broader market during that same time frame. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • INDEPENDENT BANK CORP/MA's earnings per share declined by 32.1% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, INDEPENDENT BANK CORP/MA increased its bottom line by earning $2.49 versus $2.19 in the prior year. For the next year, the market is expecting a contraction of 3.0% in earnings ($2.42 versus $2.49).
  • The company, on the basis of change in net income from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and greatly underperformed compared to the Commercial Banks industry average. The net income has significantly decreased by 29.3% when compared to the same quarter one year ago, falling from $13.38 million to $9.46 million.


NYCB ChartNYCB data by YCharts

7. New York Community Bancorp Inc. (NYCB)
Sub-industry: Thrifts & Mortgage Finance
Market Cap: $7.8 billion
Year-to-date return: 9.4%
New York Community Bancorp, Inc. operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in New York, New Jersey, Florida, Ohio, and Arizona.

TheStreet Ratings: Buy, B
TheStreet Ratings said: "We rate NEW YORK CMNTY BANCORP INC (NYCB) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, expanding profit margins and growth in earnings per share. We feel its strengths outweigh the fact that the company shows weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The revenue growth came in higher than the industry average of 9.5%. Since the same quarter one year prior, revenues slightly increased by 6.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The stock has risen over the past year as investors have generally rewarded the company for its earnings growth and other positive factors like the ones we have cited in this report. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Thrifts & Mortgage Finance industry average. The net income increased by 3.5% when compared to the same quarter one year prior, going from $115.25 million to $119.26 million.
  • The gross profit margin for NEW YORK CMNTY BANCORP INC is currently very high, coming in at 71.70%. Regardless of NYCB's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, NYCB's net profit margin of 24.78% compares favorably to the industry average.
  • NEW YORK CMNTY BANCORP INC's earnings per share improvement from the most recent quarter was slightly positive. The company has demonstrated a pattern of positive earnings per share growth over the past year. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, NEW YORK CMNTY BANCORP INC increased its bottom line by earning $1.10 versus $1.08 in the prior year. For the next year, the market is expecting a contraction of 5.5% in earnings ($1.04 versus $1.10).

 

 

RE Chart RE data by YCharts

8. Everest Re Group Ltd. (RE)
Sub-industry: Reinsurance
Market Cap: $8.1 billion
Year-to-date return: 7.4%
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products. The company operates through U.S. Reinsurance, International, Bermuda, Insurance, and Mt. Logan Re segments.

TheStreet Ratings: Buy, A+
TheStreet Ratings said: "We rate EVEREST RE GROUP LTD (RE) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, increase in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The revenue growth came in higher than the industry average of 7.8%. Since the same quarter one year prior, revenues rose by 13.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • RE's debt-to-equity ratio is very low at 0.08 and is currently below that of the industry average, implying that there has been very successful management of debt levels.
  • The stock has risen over the past year as investors have generally rewarded the company for its earnings growth and other positive factors like the ones we have cited in this report. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Insurance industry average. The net income increased by 9.9% when compared to the same quarter one year prior, going from $293.93 million to $322.98 million.
  • Net operating cash flow has increased to $455.14 million or 23.98% when compared to the same quarter last year. In addition, EVEREST RE GROUP LTD has also modestly surpassed the industry average cash flow growth rate of 20.66%.

 

RLI Chart RLI data by YCharts

9. RLI Corp. (RLI)
Sub-industry: Property & Casualty Insurance
Market Cap: $2.1 billion
Year-to-date return: -1.4%
RLI Corp., through its subsidiaries, underwrites property and casualty insurance primarily in the United States.

TheStreet Ratings: Buy, A-
TheStreet Ratings said: "We rate RLI CORP (RLI) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and increase in net income. We feel its strengths outweigh the fact that the company shows low profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The revenue growth came in higher than the industry average of 7.8%. Since the same quarter one year prior, revenues slightly increased by 8.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • RLI's debt-to-equity ratio is very low at 0.17 and is currently below that of the industry average, implying that there has been very successful management of debt levels.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Insurance industry and the overall market, RLI CORP's return on equity exceeds that of both the industry average and the S&P 500.
  • The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Insurance industry average. The net income increased by 5.6% when compared to the same quarter one year prior, going from $28.97 million to $30.60 million.
  • Net operating cash flow has significantly increased by 1266.26% to $23.41 million when compared to the same quarter last year. In addition, RLI CORP has also vastly surpassed the industry average cash flow growth rate of 20.66%.

 

 

SFG Chart SFG data by YCharts

10. StanCorp Financial Group Inc. (SFG)
Sub-industry: Life & Health Insurance
Market Cap: $3.1 billion
Year-to-date return: 5.9%
StanCorp Financial Group, Inc., through its subsidiaries, provides financial products and services in the United States. The company operates in two segments, Insurance Services and Asset Management.

TheStreet Ratings: Buy, A
TheStreet Ratings said: "We rate STANCORP FINANCIAL GROUP INC (SFG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, increase in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • SFG's revenue growth has slightly outpaced the industry average of 7.8%. Since the same quarter one year prior, revenues slightly increased by 2.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Although SFG's debt-to-equity ratio of 0.22 is very low, it is currently higher than that of the industry average.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 26.03% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, SFG should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Insurance industry average. The net income increased by 17.5% when compared to the same quarter one year prior, going from $48.10 million to $56.50 million.
  • Net operating cash flow has significantly increased by 490.57% to $81.50 million when compared to the same quarter last year. In addition, STANCORP FINANCIAL GROUP INC has also vastly surpassed the industry average cash flow growth rate of 20.66%.

 

TMK Chart TMK data by YCharts

11. Torchmark Corp. (TMK)
Sub-industry: Life & Health Insurance
Market Cap: $7.2 billion
Year-to-date return: 5.2%
Torchmark Corporation, through its subsidiaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. It operates through Life Insurance, Health Insurance, Medicare Part D, and Annuities segment.

TheStreet Ratings: Buy, A
TheStreet Ratings said: "We rate TORCHMARK CORP (TMK) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, good cash flow from operations and attractive valuation levels. We feel its strengths outweigh the fact that the company has had sub par growth in net income."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • Although TMK's debt-to-equity ratio of 0.26 is very low, it is currently higher than that of the industry average.
  • TORCHMARK CORP' earnings per share from the most recent quarter came in slightly below the year earlier quarter. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, TORCHMARK CORP increased its bottom line by earning $4.10 versus $3.80 in the prior year. This year, the market expects an improvement in earnings ($4.30 versus $4.10).
  • Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • Net operating cash flow has slightly increased to $279.73 million or 1.77% when compared to the same quarter last year. Despite an increase in cash flow, TORCHMARK CORP's cash flow growth rate is still lower than the industry average growth rate of 20.66%.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 7.8%. Since the same quarter one year prior, revenues slightly dropped by 0.2%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.

 

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