XTRA:JENElectronic
Jenoptik (XTRA:JEN) Stock Faces A Margin Led Rerating Question
Jenoptik entered this earnings release with a mixed share price story. The stock is roughly flat over the past month and still down over the last quarter, even as investors have been told a stronger earnings growth story and a discounted valuation. At €41.28, the stock trades on a P/E of 30.9x, below direct peers but above the wider European electronic sector. This already set up an expectation gap before the numbers were reported.
The main headline from this quarter is profit quality...