For its second fiscal quarter (ending June 30), CoreCivic Inc (NYSE: CXW) has reported a 31% increase in E.P.S. from $0.13 a year ago to $0.17 in the current quarter. This performance was $0.03 better than the consensus estimate of $0.14. E.P.S. were $0.61 for the latest four quarters through June 30 versus $1.04 for the same period a year ago — a decline of -41%.
Recent Price Action
On 8/7/24, CoreCivic Inc (NYSE: CXW) stock rose modestly by 0.6%, closing at $12.26. Moreover, trading volume in this advance was above average at 122% of normal. Relative to the market the stock has been weak over the last nine months and has declined -12.8% during the last week.
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 D (Negative). 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 53 but a poor Power Rating of 25, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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