CoreCivic (PSRA) AI Stock Analysis

Company Guidance

For 2026, management expects diluted EPS of $15.42 to $15.48, adjusted diluted EPS of $1.74 to $1.80, normalized FFO per share of $2.78 to $2.85, adjusted EBITDA of $442.5 million to $445.5 million, an annual effective tax rate of 27% to 28%, maintenance capital expenditures of $65 million to $75 million, $12 million for other capital expenditures, $35 million to $40 million for capital expenditures associated with previously idled facilities and for additional potential facility activations, and AFFO of $260.3 million to $272.3 million; guidance reflects stable residential populations for the rest of the year, except the facilities we are activating where we expect populations to continue to increase, includes additional G&A expense in Q4 and incremental technology expenses, does not include the impact of any potential additional facility sales, and expects Appleton to have a minimal contribution to earnings in 2026, with activation estimated to be complete in the second quarter of 27. For 2027, management currently expects some incremental capital expenditures for CSP and incremental technology investments, an earn out payment for CSP of $29.5 million, and offered a rough estimate of $426 million to $427 million in annualized Q4 EBITDA, plus $10 million round numbers for Prairie, with a possible range of $436 million to $445 million, $450 million maybe.