CoreCivic (NYSE:CXW) Releases FY 2026 Earnings Guidance

CoreCivic (NYSE:CXW) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.610-2.700 for the period, compared to the consensus earnings per share estimate of 1.810. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CXW. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Noble Financial upped their price target on CoreCivic from $28.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, July 7th. Wall Street Zen lowered shares of CoreCivic from a “buy” rating to a “hold” rating in a research note on Sunday. JonesTrading reissued a “buy” rating and set a $30.00 price objective on shares of CoreCivic in a research report on Wednesday. Finally, UBS Group set a $35.00 price target on CoreCivic in a report on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, CoreCivic presently has a consensus rating of “Buy” and a consensus target price of $36.20.

CoreCivic Stock Performance

CXW stock traded up $1.11 on Wednesday, reaching $31.26. 2,567,827 shares of the company were exchanged, compared to its average volume of 1,161,282. The stock’s fifty day moving average price is $28.58 and its 200 day moving average price is $22.68. CoreCivic has a 12 month low of $15.73 and a 12 month high of $32.69. 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 firm has a market capitalization of $3.09 billion, a PE ratio of 25.41 and a beta of 0.58.

CoreCivic (NYSE:CXW) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $684.92 million during the quarter, compared to analysts’ expectations of $618.63 million. CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, research analysts anticipate that CoreCivic will post 2.66 EPS for the current fiscal year.

Key Headlines Impacting CoreCivic

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Raised FY 2026 guidance: CoreCivic now expects earnings per share of $2.61–$2.70, well above the $1.81 consensus estimate. The outlook upgrade signals stronger expected demand and profitability. CoreCivic earnings guidance
• Positive Sentiment: Beat quarterly expectations: CoreCivic reported EPS of $0.38 versus the $0.34 analyst estimate, while revenue of $684.9 million exceeded the $618.6 million consensus by approximately $66.3 million. CoreCivic earnings press release
• Positive Sentiment: $734 million facility sale completed: CoreCivic sold its Prairie Correctional Facility in Minnesota and Midwest Regional Reception Center in Kansas to the Department of Homeland Security. The company expects approximately $522.5 million in net proceeds, which could support debt reduction, share repurchases, or other corporate purposes. CoreCivic facility sale
• Positive Sentiment: New ICE contract: The company won a five-year Immigration and Customs Enforcement contract for the 1,600-bed Prairie facility, expected to generate about $75 million in annual revenue when fully operational. CoreCivic also said it is discussing potential additional facility acquisitions with ICE. CoreCivic ICE contract
• Neutral Sentiment: Analyst support is mixed: JonesTrading reaffirmed a “buy” rating but set a $30 price target, below the stock’s recent trading level. This suggests favorable long-term sentiment but limited near-term upside under that firm’s valuation.

Hedge Funds Weigh In On CoreCivic

Hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in shares of CoreCivic by 33.0% during the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 702 shares during the period. Kestra Advisory Services LLC bought a new position in shares of CoreCivic during the fourth quarter worth $71,000. Summit Securities Group LLC bought a new position in CoreCivic during the fourth quarter worth about $137,000. Evergreen Capital Management LLC acquired a new position in shares of CoreCivic in the 2nd quarter valued at approximately $202,000. Finally, Osaic Holdings Inc. raised its holdings in CoreCivic by 19.1% during the 2nd quarter. Osaic Holdings Inc. now owns 10,102 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 1,618 shares during the period. 85.13% of the stock is owned by institutional investors.

About CoreCivic

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.