Why CoreCivic (CXW) Stock Is Trading Lower Today

CoreCivic Financial Performance - CoreCivic reported third-quarter revenue growth of 18.1% year-over-year, reaching $580.4 million, which exceeded Wall Street expectations [2] - Adjusted earnings per share (EPS) were $0.24, falling short of analysts' estimates of $0.26, indicating profitability weakness despite strong revenue growth [2] - The company lowered its full-year adjusted EPS guidance to a midpoint of $1.03, representing a 6.8% decrease from previous projections, and also reduced full-year EBITDA guidance [2] Market Reaction - Following the earnings report, CoreCivic's shares fell 12.2% in the morning session, reflecting significant market reaction to the news [1][4] - The stock has shown volatility, with 11 moves greater than 5% over the past year, indicating that this news has notably impacted market perception [4] Year-to-Date Performance - CoreCivic's stock is down 24.4% since the beginning of the year, currently trading at $16.42 per share, which is 31.4% below its 52-week high of $23.94 from November 2024 [6] - An investment of $1,000 in CoreCivic shares five years ago would now be worth $2,737, highlighting long-term growth despite recent volatility [6]