Prison operator CoreCivic slides after 2025 EPS forecast misses expectations

Geo

11/02/2025 16:47

** 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  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  
    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  on Feb 27 before the bell
  

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@tr.com 1-646-279-6380))