Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

Research Coverage on Small and Micro-Cap Companies

Equity Bottom-Up

<ul><li>CXW's adjusted EPS of $0.36 beat our/consensus forecast significantly, primarily reflecting higher populations at its facilities (54k in 2Q25 vs 51.5k in 2Q24) and higher average per diem rates combined with operating leverage and cost efficiencies.</li><li> We believe CXW's modern facilities & long-term experience will continue to lead to new contracts & that with liquidity of ~$347m & strong cash flow, CXW is well-positioned to continue growth initiatives and maintain other capital allocation activities including share buybacks (3.9m shares in 1H25).</li></ul>

CXW's adjusted EPS of $0.36 beat our/consensus forecast significantly, primarily reflecting higher populations at its facilities (54k in 2Q25 vs 51.5k in 2Q24) and higher average per diem rates combined with operating leverage and cost efficiencies. We believe CXW's modern facilities & long-term experience will continue to lead to new contracts & that with liquidity of ~$347m & strong cash flow, CXW is well-positioned to continue growth initiatives and maintain other capital allocation activities including share buybacks (3.9m shares in 1H25).

CXW: Strong 2Q25 Reflects Rising Utilization, Expected to Continue, Operating Leverage

CoreCivic

CXW: Strong 2Q25 Reflects Rising Utilization, Expected to Continue, Operating Leverage