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BUZZ-Prison operator CoreCivic slides after 2025 EPS forecast misses expectations

ReutersFeb 11, 2025 4:47 PM

Shares of CoreCivic CXW.N down 3.8% at $18.13 on Tues after full-year earnings outlook missed consensus

CXW shares fell as much as 12.6% to $16.46 on the session to lowest levels since the presidential election

Tennessee-based prison operator late Mon said expects 2025 EPS of $0.48-$0.61, below LSEG estimate of $0.80

FFO/sh forecast for 2025 of $1.37-$1.50 also missed estimate of $1.77

Though for Q4, it posted adj EPS of $0.16 on rev of $479.3 mln, topping Street expectations of $0.10/$465.2 mln

3 of 4 analysts covering CXW rate stock "strong buy" or "buy', 1 rates "hold" and their median PT is $28

CXW shares closed at $13.63 at Nov 5 and soared as high as $24.99 days after Donald Trump clinched a second term in the White House. Trump has vowed to crack down on illegal immigration, which was seen as potential tailwind for detention centers demand

Shares of peer Geo Group GEO.N off 1% on Tues. Its Q4 results are due to be released on Feb 27 before the bell

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