CoreCivic, Inc. (NYSE: CXW) saw its stock surge 6.11% in pre-market trading on Thursday, following the release of its impressive first-quarter 2025 financial results. The correctional facilities operator's performance significantly exceeded analyst expectations, demonstrating resilience in a challenging economic environment.
The company reported quarterly earnings per share (EPS) of $0.23, nearly doubling the analyst consensus estimate of $0.12. This represents a substantial improvement from the $0.08 per share reported in the same quarter last year. CoreCivic's revenue also impressed, coming in at $488.63 million, surpassing the analyst consensus estimate of $478.49 million by 2.12%, despite a slight year-over-year decrease.
Adding to the positive sentiment, CoreCivic reported funds from operations (FFO) of $0.45 per share, significantly beating the analyst consensus estimate of $0.34 by 32.35%. The company also provided an optimistic outlook for the full year 2025, expecting FFO per diluted share to range between $1.72 and $1.82, while projecting EPS between $0.83 and $0.92. This forward-looking guidance suggests continued strength in CoreCivic's operations and financial performance, likely contributing to the pre-market stock price rally.