Corrections Corporation Of America: Here’s What Investors Need to Know Before Earnings

Corrections Corporation Of America (NYSE:CXW) will report earnings after markets close on Wednesday, May 8th. Corrections Corporation of America provides detention and corrections services to governmental agencies. The Company owns correctional and detention facilities in the United States and the United Kingdom. Services include design, construction, ownership, renovation, and management of new or existing jails and prisons, as well as long distance inmate transportation services.

Here is your Cheat Sheet to Corrections Corporation Of America Earnings:

Earnings Expectations: Analysts expect earnings of $0.48 per share on revenues of $429.88 million. Currently, the company’s P/E ratio stands at 23.26.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.41 to a profit $0.53. For the current year, the average estimate is a profit of $2.08, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Corrections Corporation Of America has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,584 1,629 1,663 1,724 1,760
Diluted EPS ($) 1.20 1.32 1.39 1.54 1.56

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 437.08 435.30 442.87 444.85 436.86
Diluted EPS ($) 0.4090 0.32 0.37 0.42 0.4555

Past Performance:
Corrections Corporation Of America has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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