NYSE$CXW
Corecivic Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
CoreCivic's Q3 2023 financial results were reported, showing increased revenue and adjusted EPS compared to the previous year.
CoreCivic reported a revenue of $483.7 million and a net income of $13.9 million for Q3 2023. Adjusted EPS increased to $0.14, driven by higher federal and state populations and lower interest expense. The company continued its debt reduction strategy, repaying nearly $140 million of debt net of the change in cash so far this year.
- Total revenue reached $483.7 million.
- Net income was reported at $13.9 million, with diluted earnings per share of $0.12.
- Adjusted Diluted EPS increased to $0.14.
- The number of individuals in ICE detention populations within CoreCivic facilities increased by 4,729, or 84%, since May 11, 2023.
Headline financials
Revenue & EPS history
Corecivic · Revenue · Quarterly
$484M
Revenue by segment
Corecivic · $484M total across 3 segments · Q3 2023
- Safety$443M—91.7%
- Community$29.8M—6.2%
- Properties$10.5M—2.2%
Forward guidance
CoreCivic provided updated financial guidance for the full year 2023.
Tailwinds
- Net income is projected between $58.7 million and $64.9 million.
- Adjusted net income is expected to range from $62.3 million to $68.5 million.
- Diluted EPS is anticipated to be between $0.51 and $0.57.
- Adjusted Diluted EPS is forecasted to be between $0.54 and $0.60.
- EBITDA is projected to be between $298.8 million to $303.0 million.
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 Q3 2023
+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
| Quarter | Report date | Reaction (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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