Overview

* CoreCivic ( CXW ) Q3 revenue grows 18.1% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 misses analyst expectations

* Company repurchased 1.9 mln shares at $40 mln cost, focusing on shareholder value

Outlook

* CoreCivic ( CXW ) revises 2025 net income guidance to $107 mln-$113 mln from $116.4 mln-$124.4 mln

* Company expects 2026 results to benefit from new contracts at four facilities

* CoreCivic ( CXW ) plans to increase share repurchases in future quarters

Result Drivers

* ICE DEMAND - Increased demand from ICE contributed significantly to revenue growth, with a 54.6% increase in revenue from ICE compared to the prior year

* FACILITY ACTIVATIONS - Activation of idle facilities, including new contracts, expected to generate significant future revenue

* START-UP EXPENSES - Start-up expenses related to new contracts negatively impacted financial guidance for the fourth quarter

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $580.4 $543.11

Revenue mln mln (5

Analysts

)

Q3 Miss $0.24 $0.27 (5

Adjusted Analysts

EPS )

Q3 EPS $0.24

Q3 Net $26.3

Income mln

Q3 $88.8

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 ( CXW ) is $29.50, about 37.5% above its November 4 closing price of $18.43

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)