Private prison operator CoreCivic (NYSE: CXW) will be announcing earnings results this Wednesday after the bell. Here’s what to expect.
CoreCivic beat analysts’ revenue expectations by 8.6% last quarter, reporting revenues of $538.2 million, up 9.8% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ revenue estimates. It reported 70,330 average available beds , up 1.3% year on year.
Is CoreCivic a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting CoreCivic’s revenue to grow 10.1% year on year to $541.2 million, improving from the 1.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.26 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CoreCivic has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 4.9% on average.
Looking at CoreCivic’s peers in the business services & supplies segment, some have already reported their Q3 results, giving us a hint as to what we can expect. MSA Safety delivered year-on-year revenue growth of 8.3%, beating analysts’ expectations by 1.1%, and Steelcase reported revenues up 4.8%, topping estimates by 2.7%. MSA Safety traded up 4.4% following the results while Steelcase’s stock price was unchanged.
Read our full analysis of MSA Safety’s results here and Steelcase’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the business services & supplies stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.7% on average over the last month. CoreCivic is down 2.9% during the same time and is heading into earnings with an average analyst price target of $29.88 (compared to the current share price of $18.53).
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