Why has CXW's EPS trended upward in 2024?

CoreCivic's EPS has trended upward in 2024 due to several key factors:

1. **Revenue Growth**: CoreCivic has reported strong revenue growth, with total revenue reaching $2.0 billion for the full year 2024. This increase in revenue has contributed to the higher EPS.
2. **Occupancy Rates**: The company has seen an increase in occupancy rates, with 75.5% of available capacity occupied, the highest since early 2020. Higher occupancy rates typically lead to higher EPS as the company earns more from its facilities.
3. **Cost Management**: CoreCivic has effectively managed costs, which has been crucial in maintaining profitability despite challenges such as contract terminations. Effective cost management allows the company to retain more of its revenue as profit.
4. **Strategic Initiatives**: The company's strategic focus on capital investments and share repurchases indicates a commitment to long-term growth and shareholder value. These initiatives can enhance profitability and thus EPS.
5. **New Contract Acquisitions**: CoreCivic has announced new management contracts, such as the one with the state of Montana, which are expected to increase the company's inmate population and generate additional revenue, contributing to higher EPS.

In summary, CoreCivic's EPS has trended upward in 2024 due to a combination of revenue growth, higher occupancy rates, effective cost management, strategic initiatives, and new contract acquisitions. These factors have collectively contributed to the company's strong financial performance and increased profitability.