BUZZ-CoreCivic soars, extending Trump-fueled surge after Q3 beat-and-raise

Reuters

2024-11-07

** Shares of prison operator CoreCivic Inc soar early Thurs after qtrly results top consensus and it raises outlook, adding to big pop on Weds

** CXW on Weds surged ~29% to close at $17.58 after Donald Trump, who to crack down on illegal immigration, clinched second term in the

White House

** Shares on Thurs last up 19.2% at $20.96 to highest since Jun 2019

** Co late Weds Q3 rev increased 2% y/y to $491.6 mln and adj EPS of 20 cents vs LSEG estimates of $469.8 mln and 9 cents

** CEO Damon Hininger pointed to improved operating margin through expense management and strong demand for essential services, as occupancy rose to 75.2% from 72% a year ago

** Based on current conditions, it expects annual adj EPS of 69-75 cents, up from 58-66 cents, and now sees adj EBITDA of $317-321 mln vs prior outlook of $302.4-$308.4 mln

** Shares of peer Geo Group also rising 10% on Thurs

** Of 4 analyst covering CXW, 1 rates "buy", rest "hold" and median PT is $17 - LSEG

** Including move on the session, shares up ~44% YTD after 26% advance in 2023

(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))

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The views expressed are his own) ((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CXW","symbol_name":"美國懲教公司","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2481840721","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481840721","pubTimestamp":1730992720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Shares of prison operator CoreCivic Inc    soar early Thurs after qtrly results top consensus and it raises outlook, adding to big pop on Weds   ** CXW on Weds surged ~29% to close at $17.58 after Donald Trump, who  to crack down on illegal immigration, clinched second term in the    White House   ** Shares on Thurs last up 19.2% at $20.96 to highest since Jun 2019   ** Co late Weds  Q3 rev increased 2% y/y to $491.6 mln and adj EPS of 20 cents vs LSEG estimates of $469.8 mln and 9 cents   ** CEO Damon Hininger pointed to improved operating margin through expense management and strong demand for essential services, as occupancy rose to 75.2% from 72% a year ago   ** Based on current conditions, it expects annual adj EPS of 69-75 cents, up from 58-66 cents, and now sees adj EBITDA of $317-321 mln vs prior outlook of $302.4-$308.4 mln   ** Shares of peer Geo Group    also rising 10% on Thurs   ** Of 4 analyst covering CXW, 1 rates \"buy\", rest \"hold\" and median PT is $17 - LSEG   ** In","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CXW":"美国惩教公司","BK4547":"WSB热门概念","BK4585":"ETF&股票定投概念","GEO":"GEO惩教集团","BK4588":"碎股","BK4516":"特朗普概念","BK4165":"安全和报警服务","BK4084":"特种房地产投资信托"},"translate_title":"BUZZ-CoreCivic飙升，延续了特朗普在第三季度击败并加注后推动的飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CXW":0.9,"GEO":0.9},"content_text":"** Shares of prison operator CoreCivic Inc    soar early Thurs after qtrly results top consensus and it raises outlook, adding to big pop on Weds   ** CXW on Weds surged ~29% to close at $17.58 after Donald Trump, who  to crack down on illegal immigration, clinched second term in the    White House   ** Shares on Thurs last up 19.2% at $20.96 to highest since Jun 2019   ** Co late Weds  Q3 rev increased 2% y/y to $491.6 mln and adj EPS of 20 cents vs LSEG estimates of $469.8 mln and 9 cents   ** CEO Damon Hininger pointed to improved operating margin through expense management and strong demand for essential services, as occupancy rose to 75.2% from 72% a year ago   ** Based on current conditions, it expects annual adj EPS of 69-75 cents, up from 58-66 cents, and now sees adj EBITDA of $317-321 mln vs prior outlook of $302.4-$308.4 mln   ** Shares of peer Geo Group    also rising 10% on Thurs   ** Of 4 analyst covering CXW, 1 rates \"buy\", rest \"hold\" and median PT is $17 - LSEG   ** Including move on the session, shares up ~44% YTD after 26% advance in 2023(Lance Tupper is a Reuters market analyst. 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