CoreCivic (CXW) Tops Q1 EPS by 10c; raises guidance

CoreCivic (NYSE: CXW) reported Q1 EPS of $0.25, $0.10 better than the analyst estimate of $0.15. Revenue for the quarter came in at $500.7 million versus the consensus estimate of $477.92 million.

GUIDANCE:

CoreCivic sees FY2024 EPS of $0.66-$0.76, versus the consensus of $0.68.

FFO per diluted share $1.36 to $1.46

Normalized FFO per diluted share $1.56 to $1.66

During 2024, we expect to invest $70.0 million to $76.0 million in capital expenditures, consisting of $30.0 million to $31.0 million in maintenance capital expenditures on real estate assets, $32.0 million to $35.0 million for maintenance capital expenditures on other assets and information technology, and $8.0 million to $10.0 million for other capital investments.

For earnings history and earnings-related data on CoreCivic (CXW) click here.

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