Private prison operator CoreCivic (NYSE:CXW) will be reporting earnings this Wednesday afternoon. Here’s what to look for.
CoreCivic beat analysts’ revenue expectations by 7.3% last quarter, reporting revenues of $580.4 million, up 18.1% year on year. It was a softer quarter for the company, with a significant miss of analysts’ full-year EPS guidance estimates and a significant miss of analysts’ EPS estimates. It reported 71,996 average available beds , up 6.6% year on year.
Is CoreCivic a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting CoreCivic’s revenue to grow 18.9% year on year to $570 million, a reversal from the 2.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.21 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CoreCivic has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 4.2% on average.
Looking at CoreCivic’s peers in the business services & supplies segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Tetra Tech’s revenues decreased 13.4% year on year, beating analysts’ expectations by 6.4%, and UniFirst reported revenues up 2.7%, topping estimates by 1%. Tetra Tech traded up 3% following the results while UniFirst’s stock price was unchanged.
Read our full analysis of Tetra Tech’s results here and UniFirst’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the business services & supplies stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.8% on average over the last month. CoreCivic is down 7.3% during the same time and is heading into earnings with an average analyst price target of $29.88 (compared to the current share price of $18.88).
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