CoreCivic IncCoreCivic reported revenues up 25.8% year on year, exceeding expectations by 1.9%, and shares up 33.2% since reporting.
Safety and security services stocks delivered a very strong first quarter, with the six companies tracked by StockStory beating revenue estimates by 2.5% on average and next-quarter revenue guidance coming in line. CoreCivic reported revenues of $614.7 million, up 25.8% year on year and exceeding expectations by 1.9%, making it the fastest-growing company in the group. Brady posted the biggest analyst estimate beat with revenues of $435.2 million, up 13.8% and surpassing forecasts by 7.2%. GEO Group recorded the highest full-year guidance raise among its peers, with revenues of $705.2 million, up 16.6% and beating estimates by 1.8%. Motorola Solutions, the weakest performer relative to estimates, reported revenues of $2.71 billion, up 7.4% and exceeding expectations by 0.6%, while Brink's revenues came in at $1.38 billion, up 10.3% and beating by 0.9%. Since reporting, CoreCivic shares are up 33.2%, GEO Group up 58.2%, Brady up 17.6%, Brink's down 2.1%, and Motorola Solutions down 7.3%.
CoreCivic IncCoreCivic reported revenues up 25.8% year on year, exceeding expectations by 1.9%, and shares up 33.2% since reporting.
Brady CorporationBrady posted biggest analyst estimate beat with revenues up 13.8% and surpassing forecasts by 7.2%.
Geo Group IncGEO Group recorded highest full-year guidance raise among peers, revenues up 16.6% and beating estimates by 1.8%.
Brinks CompanyBrink's revenues beat estimates by 0.9% but shares down 2.1% since reporting; no specific driver mentioned.
Motorola Solutions IncMotorola Solutions reported revenues up 7.4% and beat estimates by 0.6% but shares down 7.3% since reporting; weakest performer relative to estimates.