Geo Group and CoreCivic move guidance in opposite directions, a day after both prison stocks soared

Dow Jones

2024-11-07

MW Geo Group and CoreCivic move guidance in opposite directions, a day after both prison stocks soared

By Steve Goldstein

Prison operators GEO Group and CoreCivic moved their guidance in opposition directions on Thursday, after both companies' stock had surged in anticipation of higher immigrant detentions by President-elect Donald Trump's administration.

CoreCivic increased its adjusted funds from operations per share guidance for the year to $1.59 to $1.69 - from $1.48 to $1.56 - after a third quarter in which occupancy rose to 75.2% from 72%. Analysts expected adjusted funds from operations of $1.49 a share, according to FactSet.

GEO Group by contrast said it's now expecting adjusted earnings between 80 cents and 84 cents a share on revenue of $2.42 billion. Analysts polled by FactSet expected earnings of 92 cents a share on revenue of $2.44 billion. The company flagged a decline in participant counts under the federal government's Intensive Supervision Appearance Program.

GEO Group's stock $(GEO)$ rose 3% after a 42% surge on Wednesday, its largest-ever one-day gain according to FactSet.

CoreCivic's stock gained $(CXW)$ 9% after a 29% surge on Wednesday, its best performance since the day after Trump won his first election in 2016.

-Steve Goldstein

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

November 07, 2024 10:01 ET (15:01 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Analysts expected adjusted funds from operations of $1.49 a share, according to FactSet. \n</p>\n<p>\n     GEO Group by contrast said it's now expecting adjusted earnings between 80 cents and 84 cents a share on revenue of $2.42 billion. Analysts polled by FactSet expected earnings of 92 cents a share on revenue of $2.44 billion. The company flagged a decline in participant counts under the federal government's Intensive Supervision Appearance Program. \n</p>\n<p>\n     GEO Group's stock <a href=\"https://laohu8.com/S/GEO\">$(GEO)$</a> rose 3% after a 42% surge on Wednesday, its largest-ever one-day gain according to FactSet. \n</p>\n<p>\n     CoreCivic's stock gained <a href=\"https://laohu8.com/S/CXW\">$(CXW)$</a> 9% after a 29% surge on Wednesday, its best performance since the day after Trump won his first election in 2016. \n</p>\n<p>\n     -Steve Goldstein \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 07, 2024 10:01 ET (15:01 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Geo Group and CoreCivic move guidance in opposite directions, a day after both prison stocks soared</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGeo Group and CoreCivic move guidance in opposite directions, a day after both prison stocks soared\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-11-07 23:01</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Geo Group and CoreCivic move guidance in opposite directions, a day after both prison stocks soared\n</p>\n<p>\n  By Steve Goldstein \n</p>\n<p>\n     Prison operators GEO Group and CoreCivic moved their guidance in opposition directions on Thursday, after both companies' stock had surged in anticipation of higher immigrant detentions by President-elect Donald Trump's administration. \n</p>\n<p>\n     CoreCivic increased its adjusted funds from operations per share guidance for the year to $1.59 to $1.69 - from $1.48 to $1.56 - after a third quarter in which occupancy rose to 75.2% from 72%. Analysts expected adjusted funds from operations of $1.49 a share, according to FactSet. \n</p>\n<p>\n     GEO Group by contrast said it's now expecting adjusted earnings between 80 cents and 84 cents a share on revenue of $2.42 billion. Analysts polled by FactSet expected earnings of 92 cents a share on revenue of $2.44 billion. The company flagged a decline in participant counts under the federal government's Intensive Supervision Appearance Program. \n</p>\n<p>\n     GEO Group's stock <a href=\"https://laohu8.com/S/GEO\">$(GEO)$</a> rose 3% after a 42% surge on Wednesday, its largest-ever one-day gain according to FactSet. \n</p>\n<p>\n     CoreCivic's stock gained <a href=\"https://laohu8.com/S/CXW\">$(CXW)$</a> 9% after a 29% surge on Wednesday, its best performance since the day after Trump won his first election in 2016. \n</p>\n<p>\n     -Steve Goldstein \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 07, 2024 10:01 ET (15:01 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4547","symbol_name":"WSB熱門概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481418126","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481418126","pubTimestamp":1730991660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Prison operators GEO Group and CoreCivic moved their guidance in opposition directions on Thursday, after both companies' stock had surged in anticipation of higher immigrant detentions by President-elect Donald Trump's administration.CoreCivic increased its adjusted funds from operations per share guidance for the year to $1.59 to $1.69 - from $1.48 to $1.56 - after a third quarter in which occupancy rose to 75.2% from 72%. 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