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CoreCivic Inc (CXW)
NYSE:CXW
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.12Last Year’s EPS
0.08Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: -1.65%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a cautious optimism with CoreCivic reporting strong occupancy and successful new contracts while facing challenges in federal revenue declines and impacts from contract terminations.Company Guidance
During CoreCivic's fourth quarter 2024 earnings call, financial guidance for 2025 was provided, highlighting anticipated growth opportunities due to changes in federal immigration policies. The company expects diluted EPS to range between $0.48 to $0.61 and FFO per share to be $1.37 to $1.50. CoreCivic projects steady increases in federal populations throughout 2025, driven by potential new contracts, especially with Immigration and Customs Enforcement (ICE) and the United States Marshals Service. The company has proposed expanding capacity by 28,000 beds, which could generate up to $1.5 billion in revenue and $200 to $275 million in incremental EBITDA if fully activated. Capital expenditures are forecasted between $60 to $65 million for maintenance and $40 to $45 million for potential facility activations. The company has also repurchased shares worth $68.5 million in 2024 and maintains a leverage target of 2.25x to 2.75x net debt to adjusted EBITDA.Strong Occupancy and Revenue Growth
CoreCivic's occupancy for Q4 2024 was 75.5%, marking their highest level since early 2020. Excluding certain closed facilities, underlying revenue growth increased 8% year-over-year.
Positive Guidance and Potential Growth
The company anticipates significant growth opportunities due to policy changes and new contracts with federal partners. 2025 financial guidance includes a potential increase in occupancy and revenue.
Operational and Staffing Improvements
Investments in staffing have improved facility performance, allowing for reduced temporary labor costs and improved audit compliance scores.
Successful New Contracts with State Partners
CoreCivic signed new management contracts with Montana and continued contracts with Wyoming and other states, boosting occupancy and revenue.
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CXW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CXW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | $18.84 | $18.04 | -4.25% |
| Nov 06, 2024 | $17.58 | $22.08 | +25.60% |
| Aug 07, 2024 | $12.26 | $12.67 | +3.34% |
| May 08, 2024 | $15.36 | $15.49 | +0.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CoreCivic Inc (CXW) report earnings?
CoreCivic Inc (CXW) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is CoreCivic Inc (CXW) earnings time?
CoreCivic Inc (CXW) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CXW EPS forecast?
CXW EPS forecast for the fiscal quarter 2025 (Q1) is 0.12.
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