CoreCivic Inc reports results for the quarter ended in June - Earnings Summary

Corecivic

07/08/2024 22:01

* CoreCivic Inc  CXW.N  reported quarterly adjusted earnings
of 17
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 13
cents.  The mean expectation of five analysts for the quarter
was for earnings of 13 cents per share. Wall Street expected
results to range from 11 cents to 14 cents per share.
    * Revenue rose 5.7% to $490.11 million from a year ago;
analysts
expected $481.87 million. 
    * CoreCivic Inc's reported EPS for the quarter was 17
cents​.
    * The company reported quarterly net income of $18.95
million.
    * CoreCivic Inc shares had fallen by 6.1% this quarter and
lost 16.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "hold"

Wall Street's median 12-month price target for CoreCivic Inc is
$16.68 
This summary was machine generated from LSEG data August 7 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.13           0.17           Beat
 Mar. 31 2024      0.15           0.08           Missed
 Dec. 31 2023      0.18           0.23           Beat
 Sep. 30 2023      0.13           0.12           Missed