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

Dow Jones

07 Nov 2024

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2481418126"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2481418126\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2481418126?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-07 23:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481418126","market":"other","top_or_hot":-1,"title":"Geo Group and CoreCivic move guidance in opposite directions, a day after both prison stocks soared","media":"Dow Jones","content":"<html><body><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></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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">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热门概念","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%. 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  rose 3% after a 42% surge on Wednesday, its largest-ever one-day gain according to FactSet.CoreCivic's stock gained","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4547":"WSB热门概念","BK4588":"碎股","BK4516":"特朗普概念","BK4165":"安全和报警服务","CXW":"美国惩教公司","BK4084":"特种房地产投资信托","GEO":"GEO惩教集团","BK4585":"ETF&股票定投概念"},"translate_title":"Geo Group和CoreCivic在监狱股飙升一天后，指引方向相反","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CXW":0.9,"GEO":0.9},"content_text":"MW Geo Group and CoreCivic move guidance in opposite directions, a day after both prison stocks soared\n\n\n  By Steve Goldstein \n\n\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\n\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\n\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\n\n     GEO Group's stock $(GEO)$ rose 3% after a 42% surge on Wednesday, its largest-ever one-day gain according to FactSet. \n\n\n     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. \n\n\n     -Steve Goldstein \n\n\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\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 07, 2024 10:01 ET (15:01 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}