CXW: 1Q24 Beat Highlights Operating Leverage, Improving Occupancies [Yahoo! Finance]
CoreCivic, Inc. (CXW)
Last corecivic, inc. earnings: 2/12 04:15 pm
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ir.corecivic.com/investor-relations
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Source: Yahoo! Finance
CoreCivic (NYSE:CXW) reported 1Q24 results that beat our / consensus expectations. Revenue came in at $500.7 million compared to $458.0 million in 1Q23, up a strong 9.3% y/y. We believe the increase underscores the organic improvements and operating leverage in the company's model as occupancies – and consequently revenue – rise. Average compensated occupancies at CXW facilities reached 75.2%, the highest occupancy level since the pandemic began. 1Q24 Takeaways ? CXW 1Q24 beat underscores organic improvements, operating leverage as occupancies rise ? Occupancies reached 75.2%, the highest level since the pandemic ? Normalizing for non-recurring items, adjusted EPS was $0.25, compared to $0.13 in 1Q23 on the same basis ? CA City Correctional center lease expired as the state's prison populations continue to decline ? CXW believes facility -~25 years old vs ~ 50 year avg for CA prisons - well-suited for ICE, U.S. Marshalls needs ? Management has indicated that the prospec
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News
- CoreCivic, Inc. (NYSE:CXW) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- CoreCivic First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- CoreCivic, Inc. (NYSE: CXW) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $19.00 price target on the stock.MarketBeat
- CoreCivic Reports First Quarter 2024 Financial ResultsGlobeNewswire
- CoreCivic, Inc. (NYSE: CXW) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
CXW
Earnings
- 5/8/24 - Miss
CXW
Sec Filings
- 5/22/24 - Form 4
- 5/22/24 - Form 4
- 5/21/24 - Form 144
- CXW's page on the SEC website