Zacks Research Has Pessimistic View of CoreCivic Q2 Earnings

CoreCivic, Inc. (NYSE:CXW) – Stock analysts at Zacks Research cut their Q2 2026 earnings per share (EPS) estimates for CoreCivic in a report released on Monday, May 11th. Zacks Research analyst M. Marin now expects that the real estate investment trust will post earnings of $0.59 per share for the quarter, down from their prior 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.

CoreCivic (NYSE:CXW) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $604.48 million. During the same period last year, the firm earned $0.45 earnings per share. The business’s revenue was up 25.8% compared to the same quarter last year. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS.

A number of other equities research analysts also recently commented on the company. Benchmark started coverage on CoreCivic in a research report on Tuesday, March 24th. They issued a “buy” rating and a $28.00 price objective for the company. JonesTrading reaffirmed a “buy” rating and issued a $30.00 price objective on shares of CoreCivic in a research report on Friday, February 13th. Finally, Wall Street Zen downgraded CoreCivic from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.00.

CoreCivic Price Performance

Shares of NYSE:CXW opened at $20.63 on Thursday. The company has a market cap of $2.04 billion, a P/E ratio of 16.77 and a beta of 0.68. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.99. CoreCivic has a 52 week low of $15.73 and a 52 week high of $23.20. The business has a fifty day simple moving average of $19.72 and a 200-day simple moving average of $18.94.

Institutional Investors Weigh In On CoreCivic

A number of institutional investors have recently added to or reduced their stakes in CXW. Lee Danner & Bass Inc. grew its position in CoreCivic by 273.1% during the first quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock valued at $41,101,000 after acquiring an additional 1,590,940 shares during the period. Rubric Capital Management LP grew its position in CoreCivic by 140.6% during the third quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock valued at $39,915,000 after acquiring an additional 1,146,166 shares during the period. Balyasny Asset Management L.P. grew its position in CoreCivic by 361.3% during the second quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust’s stock valued at $26,562,000 after acquiring an additional 987,375 shares during the period. Hatch Cove Capital LLC purchased a new stake in CoreCivic during the fourth quarter valued at about $12,951,000. Finally, Philosophy Capital Management LLC boosted its position in shares of CoreCivic by 144.9% in the third quarter. Philosophy Capital Management LLC now owns 1,021,373 shares of the real estate investment trust’s stock worth $20,785,000 after buying an additional 604,311 shares during the period. Hedge funds and other institutional investors own 85.13% of the company’s stock.

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.