CoreCivic Inc (NYSE: CXW) has reported E.P.S. of $0.12 for its third fiscal quarter (ending September 30) versus $0.59 for the same period a year ago — a decline of -80%. Relative to the consensus estimate of $0.13, this was a shortfall of $-0.01. E.P.S. were $0.57 for the latest four quarters through September 30 versus $1.05 for the same period a year ago — a decline of -46%.
Recent Price Action
CoreCivic Inc (NYSE: CXW) stock rose modestly by 0.9% on 11/6/23. The stock closed at $13.42. The stock has been exceptionally strong relative to the market over the last nine months and has risen 8.6% during the last week.
Current PriceTarget Research Rating
CXW’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
CoreCivic has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. CoreCivic has a neutral Appreciation Score of 52 but a very high Power Rating of 86, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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