CoreCivic Inc (NYSE: CXW) has reported E.P.S. of $0.08 for its first fiscal quarter (ending March 31) versus $0.11 for the same period a year ago — a decline of -27%. For the latest four quarters through March 31, E.P.S. were $0.56 compared to $1.00 a year ago — a decline of -44%.
Recent Price Action
CoreCivic Inc (NYSE: CXW) stock closed at $15.36 on 5/8/24 after a modest gain of 0.3%. This advance was accompanied by normal trading volume. The stock has risen 3.1% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CXW is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
CoreCivic has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. CoreCivic has a neutral Appreciation Score of 50 but a good Power Rating of 84, and the Positive Value Trend Rating results.
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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