Zacks Research Has Pessimistic View of CoreCivic Q2 Earnings

CoreCivic, Inc. (NYSE:CXW) – Stock analysts at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for CoreCivic in a report issued on Monday, May 11th. Zacks Research analyst M. Marin now expects that the real estate investment trust will earn $0.59 per share for the quarter, down from their previous forecast of $0.63. The consensus estimate for CoreCivic’s current full-year earnings is $2.62 per share. Zacks Research also issued estimates for CoreCivic’s Q4 2026 earnings at $0.73 EPS and FY2026 earnings at $2.67 EPS.

Several other research analysts have also recently commented on CXW. Wall Street Zen cut CoreCivic from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. JonesTrading reiterated a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a research note on Friday, February 13th. Finally, Benchmark assumed coverage on CoreCivic in a research note on Tuesday, March 24th. They issued a “buy” rating and a $28.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

CoreCivic Price Performance

Shares of NYSE CXW opened at $20.63 on Thursday. CoreCivic has a 1-year low of $15.73 and a 1-year high of $23.20. The business has a 50-day moving average of $19.72 and a 200-day moving average of $18.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.44 and a quick ratio of 2.44. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 16.77 and a beta of 0.68.

CoreCivic (NYSE:CXW) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.16). CoreCivic had a return on equity of 9.29% and a net margin of 5.53%.The company had revenue of $614.73 million during the quarter, compared to analysts’ expectations of $604.48 million. During the same period in the previous year, the company earned $0.45 EPS. CoreCivic’s quarterly revenue was up 25.8% on a year-over-year basis. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS.

Institutional Trading of CoreCivic

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. acquired a new stake in CoreCivic during the first quarter valued at approximately $2,123,000. State of Wyoming raised its stake in CoreCivic by 3.1% during the first quarter. State of Wyoming now owns 22,172 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 659 shares in the last quarter. KCM Capital Inc acquired a new stake in CoreCivic during the first quarter valued at approximately $10,400,000. PNC Financial Services Group Inc. raised its stake in CoreCivic by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 31,880 shares of the real estate investment trust’s stock valued at $603,000 after buying an additional 510 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in CoreCivic by 0.4% during the first quarter. Bessemer Group Inc. now owns 166,475 shares of the real estate investment trust’s stock valued at $3,148,000 after buying an additional 742 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Company Profile

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.