CoreCivic Q4 2023 FFO $0.45 Beats $0.40 Estimate, Sales $491.25M Beat $489.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
CoreCivic (NYSE:CXW) reported Q4 2023 FFO of $0.45 per share, surpassing the $0.40 estimate, and sales of $491.25M, exceeding the $489.61M estimate. This represents a 7.14% increase in earnings and a 4.20% increase in sales from the same period last year.
February 07, 2024 | 9:39 pm
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POSITIVE IMPACT
CoreCivic reported a strong Q4 2023 with FFO and sales exceeding estimates, indicating a positive performance trend.
CoreCivic's Q4 2023 performance exceeded analyst expectations in both FFO per share and sales, showing a significant year-over-year growth. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in CXW's stock price, given the better-than-expected financial results.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100