For its first fiscal quarter (ending March 31), Service Corp International (NYSE: SCI) has reported a -5% decline in E.P.S. from $0.95 a year ago to $0.90 in the current quarter. Relative to the consensus estimate of $0.96, this was a shortfall of $-0.06. For the latest four quarters through March 31, E.P.S. were $3.52 compared to $3.16 a year ago — an increase of 11%.
Recent Price Action
Service Corp International (NYSE: SCI) stock declined slightly by -0.4% on 5/1/24. The stock closed at $71.40. Moreover, trading volume in this decline was exceptionally high at 251% of normal. The stock has risen 0.6% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SCI is expected to continue to be a major Value Builder.
Service has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Service has a very low Appreciation Score of 13 but a good Power Rating of 75, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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