NYSE$CXW

Corecivic Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

CoreCivic's financial performance was reported for Q1 2020, with revenue up slightly amid adjustments to operations due to the COVID-19 pandemic.

CoreCivic reported a slight increase in total revenue for Q1 2020, alongside earnings per share of $0.27. The company has focused on responding to the COVID-19 pandemic, implementing measures to protect employees and those in their care. They withdrew financial guidance due to uncertainties related to COVID-19.

  • CoreCivic activated its Emergency Operations Center and implemented a crisis response plan to address COVID-19.
  • Total revenue increased by 1.5% to $491.1 million.
  • Diluted EPS was reported at $0.27, while adjusted diluted EPS reached $0.30.
  • The company is providing bonuses to frontline employees and has updated leave policies to support them during the pandemic.

Headline financials

Total Revenue

$491M

Previous: $484M+1.5%
EPS (adj)

$0.54

Previous: $0.64-15.6%
Capital Expenditures

-$83.2M

Previous: -$9.97M-734.3%
Free Cash Flow

-$51.1M

Previous: $39.4M-229.9%
Net Income

$32.1M

Previous: $49.3M-35.0%
Operating Income

$59M

Previous: $73.3M-19.4%
Gross Profit

$129M

Previous: $138M-6.8%
Cash & Equivalents

$335M

Previous: $20.5M+1536.6%
Total Assets

$4.08B

Previous: $3.67B+11.1%
Stock-Based Comp

$4.61M

Previous: $3.81M+20.9%

Revenue & EPS history

Corecivic · Revenue · Quarterly

$491M

Q1 2020+1.5%vs Q1 2019
Beat estimate in 11 of 13 quarters(85%)
ActualEstimate

Revenue by segment

Corecivic · $491M total across 3 segments · Q1 2020

  • Safety
    $438M
  • Community
    $30.6M
  • Properties
    $22.7M

Forward guidance

CoreCivic withdrew its financial guidance for 2020 due to the uncertainty created by the COVID-19 pandemic. The company's business is expected to be resilient due to the essential nature of its services and diversification of its segments.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.8%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+2.7%

Avg return

30 days after

54%

37 / 68 earnings

Positive

+62.0%

Q3 2024

Best reaction

-17.7%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.3%-7.7%+9.2%
Q4 2025-3.5%+1.0%-1.6%
Q3 2025-10.1%-7.6%+0.0%
Q1 2025-3.1%-3.9%-2.7%
Q4 2024-4.2%-0.1%+5.4%
Q3 2024+62.0%+75.6%+57.9%
Q2 2024+3.9%+3.4%+7.1%
Q1 2024+1.2%-0.5%+0.7%
Q4 2023+4.9%+1.3%+5.1%
Q3 2023+6.2%+2.5%+3.2%
Q2 2023+4.6%+10.2%+11.1%
Q1 2023-3.5%+7.0%+2.8%
Q4 2022+11.9%+13.8%-6.0%
Q3 2022+2.8%+16.7%+25.2%
Q2 2022-2.4%-9.9%-9.7%
Q1 2022-9.3%-12.1%-6.0%
Q4 2021+0.9%+1.5%-7.8%
Q3 2021+2.3%+19.0%+4.8%
Q2 2021+0.4%+2.0%-12.7%
Q1 2021-5.2%-3.2%+8.3%
Q4 2020-4.3%-2.9%+7.0%
Q3 2020-17.7%-17.2%+4.7%
Q2 2020-5.1%-2.5%+3.0%
Q1 2020-6.9%-1.4%+16.8%
Q4 2019-0.3%-0.6%-28.6%
Q3 2019+0.4%+0.4%-5.2%
Q2 2019+5.1%+6.6%+4.7%
Q1 2019+4.2%+4.7%+10.0%
Q4 2018+4.9%+8.4%-4.2%
Q3 2018-3.9%-3.7%-5.5%
Q2 2018-2.2%-2.8%-3.1%
Q1 2018+3.1%+5.8%+6.0%
Q4 2017+1.0%+0.2%+1.1%
Q3 2017+3.3%-2.5%-9.8%
Q2 2017-3.2%-4.4%-1.5%
Q1 2017-3.2%+1.0%-11.3%
Q4 2016+6.5%+9.0%+9.4%
Q3 2016+0.6%+2.1%+65.9%
Q2 2016-8.6%-10.4%-49.6%
Q1 2016+7.4%
Q4 2015-3.5%
Q3 2015-4.3%
Q2 2015-2.8%
Q1 2015-2.4%
Q4 2014+1.6%
Q3 2014+1.2%
Q2 2014+5.2%
Q1 2014+0.6%
Q4 2013-0.4%
Q3 2013-2.1%
Q2 2013+4.1%
Q1 2013+1.7%
Q4 2012-0.2%
Q3 2012-3.9%
Q2 2012+4.6%
Q1 2012+0.4%
Q4 2011+4.3%
Q3 2011-0.7%
Q2 2011-6.7%
Q1 2010+0.1%
Q1 2011-0.2%
Q4 2008+3.1%
Q4 2010+3.1%
Q3 2009-1.1%
Q3 2010-1.1%
Q2 2010+2.6%
Q4 2009+2.6%
Q2 2009+2.6%

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