Brief: CoreCivic Q2 Revenue USD 538.2 Million Vs. IBES Estimate USD 498.6 Million

Corecivic

06/08/2025 21:15

Overview

CoreCivic Q2 revenue rises 9.8% to $538.2 mln, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 , rises to $0.36, beats estimates

Co repurchased 2 mln shares, completed acquisition Farmville Detention Center for $67 mln

Outlook

CoreCivic raises 2025 net income guidance to $116.4 mln-$124.4 mln

Company increases 2025 adjusted net income guidance to $115.5 mln-$123.5 mln

CoreCivic expects 2025 diluted EPS of $1.08 to $1.15

Company sees 2025 adjusted EBITDA at $365 mln to $371 mln

Result Drivers

INCREASED ICE DEMAND - CoreCivic attributes strong Q2 performance to rising demand from U.S. Immigration and Customs Enforcement, with nationwide detention populations reaching all-time highs

FACILITY REACTIVATION - Reactivation of previously idled facilities, including the Dilley Immigration Processing Center, contributed to increased revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$538.20 mln
$498.60 mln (6 Analysts)
Q2 Adjusted EPS
Beat
$0.36
$0.2 (6 Analysts)
Q2 EPS
$0.35
Q2 Net Income
$38.50 mln
Q2 Adjusted EBITDA
$103.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for CoreCivic Inc is $29.75, about 32.4% above its August 5 closing price of $20.11

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release: ID:nGNX3PDdf0

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)