Are Investors Undervaluing QuidelOrtho (QDEL) Right Now?

Core Insights - The article emphasizes the importance of the Zacks Rank in identifying strong stocks through earnings estimates and revisions, while also acknowledging that investors have their own strategies [1] - Value investing is highlighted as a popular method for finding great stocks across various market conditions, utilizing established valuation metrics [2] - The Style Scores system is introduced, particularly the "Value" category, which helps value investors identify stocks with high Zacks Ranks and "A" grades for Value [3] Company Overview: QuidelOrtho (QDEL) - QuidelOrtho (QDEL) currently holds a Zacks Rank of 2 (Buy) and an A grade for Value, indicating strong potential for value investors [4] - The stock is trading at a P/E ratio of 10.75, significantly lower than the industry average P/E of 21.17, suggesting it may be undervalued [4] - Over the past 12 months, QDEL's Forward P/E has fluctuated between a high of 25.36 and a low of 9.36, with a median of 14.18, indicating variability in market perception [4] - The P/S ratio for QDEL is 0.74, compared to the industry average P/S of 1.44, further supporting the notion of undervaluation [5] - These metrics collectively suggest that QuidelOrtho is likely undervalued and presents a strong earnings outlook, making it an attractive value stock at this time [6]