CoreCivic Expects FY24 Normalized FFO Per share Of $1.48 - $1.56, Est $1.32
Portfolio Pulse from Benzinga Newsdesk
CoreCivic has provided its financial guidance for the full year 2024, expecting normalized FFO per share to be between $1.48 and $1.56, surpassing the estimated $1.32. The company also provided ranges for net income, adjusted net income, diluted EPS, adjusted diluted EPS, FFO per diluted share, EBITDA, and adjusted EBITDA.
August 07, 2024 | 8:29 pm
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CoreCivic has issued its financial guidance for FY24, expecting normalized FFO per share to be between $1.48 and $1.56, which is higher than the estimated $1.32. This positive outlook could boost investor confidence and potentially drive the stock price up in the short term.
The higher-than-expected normalized FFO per share indicates strong financial performance, which is likely to positively impact investor sentiment and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100