CoreCivic (CXW) Q2 EPS Jumps 80%

CoreCivic (NYSE:CXW), a leading private operator of correctional and detention facilities in the United States, reported results on August 6, 2025. Headline numbers and revised forecasts caught attention: revenue (GAAP) reached $538.2 million, topping the $498.6 million GAAP analyst estimate. Non-GAAP earnings per share were $0.36, well ahead of the $0.20 consensus (Adjusted diluted EPS). Net income (GAAP) doubled to $38.5 million compared to Q2 2024. The period’s growth easily exceeded expectations, as adjusted (non-GAAP) EPS of $0.36 was 80.0% above analyst estimates, driven by higher occupancy and surging federal detention needs, especially from U.S. Immigration and Customs Enforcement (ICE). The financial outlook for FY2025 was also raised. The period delivered strong operational momentum and marked a significant acceleration compared to already solid Q1 2025 results. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. CoreCivic develops, owns, and operates correctional, detention, and reentry facilities. Its revenue comes mainly from contracts with federal, state, and local government agencies, such as ICE, the U.S. Marshals Service, and the Federal Bureau of Prisons. These agreements are generally linked to the number of beds used or managed by these partners.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool