Q3 Earnings Forecast for CoreCivic Issued By Noble Financial

CoreCivic, Inc. (NYSE:CXW) – Stock analysts at Noble Financial boosted their Q3 2026 earnings estimates for CoreCivic in a research note issued to investors on Tuesday, August 11th. Noble Financial analyst J. Gomes now expects that the real estate investment trust will earn $0.64 per share for the quarter, up from their prior estimate of $0.62. Noble Financial currently has a “Outperform” rating on the stock. The consensus estimate for CoreCivic’s current full-year earnings is $2.64 per share. Noble Financial also issued estimates for CoreCivic’s Q4 2026 earnings at $0.78 EPS, FY2026 earnings at $2.70 EPS and FY2027 earnings at $3.62 EPS.

Several other brokerages also recently commented on CXW. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Monday. UBS Group set a $35.00 price objective on CoreCivic in a research report on Tuesday, July 7th. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Benchmark boosted their target price on CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, JonesTrading restated a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, CoreCivic presently has a consensus rating of “Buy” and a consensus target price of $37.00.

CoreCivic Price Performance

Shares of NYSE:CXW opened at $33.52 on Thursday. The company has a 50 day moving average of $29.94 and a 200 day moving average of $23.21. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86. The stock has a market cap of $3.31 billion, a P/E ratio of 26.82 and a beta of 0.58. CoreCivic has a 12 month low of $15.73 and a 12 month high of $34.86.

Hedge Funds Weigh In On CoreCivic

A number of large investors have recently modified their holdings of CXW. PNC Financial Services Group Inc. lifted its holdings in shares of CoreCivic by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 31,880 shares of the real estate investment trust’s stock worth $603,000 after acquiring an additional 510 shares during the last quarter. State of Wyoming grew its holdings in shares of CoreCivic by 3.1% during the 1st quarter. State of Wyoming now owns 22,172 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 659 shares during the last quarter. Smartleaf Asset Management LLC raised its position in CoreCivic by 33.0% in the 2nd 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. Bessemer Group Inc. raised its position in CoreCivic by 0.4% in the 1st quarter. Bessemer Group Inc. now owns 166,475 shares of the real estate investment trust’s stock worth $3,148,000 after purchasing an additional 742 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in CoreCivic by 10.4% in the second quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 1,002 shares during the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Lucibeth Mayberry sold 120,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $33.29, for a total value of $3,994,800.00. Following the completion of the transaction, the executive vice president directly owned 149,329 shares in the company, valued at approximately $4,971,162.41. The trade was a 44.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Devin Ignatius Murphy sold 8,098 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $33.79, for a total value of $273,631.42. Following the completion of the transaction, the director directly owned 63,826 shares in the company, valued at approximately $2,156,680.54. This represents a 11.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.76% of the company’s stock.

CoreCivic announced that its board has initiated a stock repurchase plan on Monday, August 10th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase up to 15.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Trending Headlines about CoreCivic

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Large buyback supports valuation: CoreCivic authorized a $500 million repurchase program, allowing the company to buy back as much as 15.7% of its outstanding shares. The authorization may support earnings per share and signals that management views the stock as undervalued. CoreCivic shares climb 5% after launching $500 million accelerated buyback
• Positive Sentiment: Higher FY2027 forecast: Noble Financial raised its FY2027 earnings-per-share estimate to $3.19 from $2.73 and maintained an “Outperform” rating. The increase suggests expectations for stronger profitability over the longer term.
• Neutral Sentiment: Mixed earnings revisions: Noble Financial lowered its Q3 2026 EPS estimate to $0.62 from $0.68 and trimmed its FY2026 estimate to $2.61 from $2.64. However, the firm’s longer-term FY2027 upgrade partially offsets the near-term caution.
• Neutral Sentiment: Q2 earnings-call discussion: Coverage of the company’s top analyst questions from its second-quarter earnings call could provide additional insight into operating trends, facility demand, government contracts and management’s outlook. The top 5 analyst questions from CoreCivic’s Q2 earnings call
• Negative Sentiment: Insider selling adds pressure: EVP Lucibeth Mayberry sold 120,000 shares worth approximately $4.0 million, reducing her holdings by 44.56%. Director Devin Ignatius Murphy also sold 8,098 shares worth about $273,600. While insider sales do not necessarily indicate deteriorating fundamentals, the size and timing of the transactions may concern investors.
• Negative Sentiment: Short interest increased sharply: Shares sold short rose 65.8% from mid-July to July 31, reaching about 3.57 million shares, or 3.7% of the float. The increase indicates growing bearish positioning and may contribute to volatility.

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.