Carter’s Inc. (NYSE: CRI) has reported earnings for its fourth fiscal quarter (ending December 31) of $2.90 versus $2.11 for the same period a year ago — an increase of 37%. This result exceeded the consensus estimate of $2.63 by $0.27. E.P.S. were $6.24 for the latest four quarters through December 31 versus $6.34 for the same period a year ago — a decline of -2%.
Recent Price Action
Carter’s Inc. (NYSE: CRI) stock closed at $80.55 on 2/27/24 after a modest decline of -1.1%. Moreover, trading volume in this decline was exceptionally high at 290% of normal. The stock has declined -1.0% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CRI is expected to continue to be a major Value Builder.
Carter’s has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Carter’s has a poor Appreciation Score of 19 but a good Power Rating of 73, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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