Q3 Earnings Forecast for CoreCivic Issued By Noble Financial

CoreCivic, Inc. (NYSE:CXW) – Equities researchers at Noble Financial lowered their Q3 2026 earnings per share (EPS) estimates for shares of CoreCivic in a research report issued on Monday, August 10th. Noble Financial analyst J. Gomes now anticipates that the real estate investment trust will earn $0.62 per share for the quarter, down from their prior forecast of $0.68. Noble Financial currently has a “Outperform” rating on the stock. The consensus estimate for CoreCivic’s current full-year earnings is $2.66 per share. Noble Financial also issued estimates for CoreCivic’s FY2026 earnings at $2.61 EPS.

Several other analysts have also commented on the stock. JonesTrading reissued a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research report on Wednesday, August 5th. Northland Securities set a $40.00 price objective on shares of CoreCivic in a research report on Friday, June 26th. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday. Benchmark raised their target price on shares of CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Friday. Finally, Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, CoreCivic has an average rating of “Buy” and an average target price of $37.00.

CoreCivic Price Performance

CXW opened at $33.06 on Tuesday. The business’s 50-day moving average is $29.46 and its two-hundred day moving average is $23.02. CoreCivic has a 1 year low of $15.73 and a 1 year high of $34.86. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $3.27 billion, a PE ratio of 26.45 and a beta of 0.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CXW. BlackRock Inc. acquired a new position in shares of CoreCivic in the 2nd quarter valued at $480,557,000. Deutsche Bank AG purchased a new position in CoreCivic in the 2nd quarter worth $18,805,000. Persistent Asset Partners Ltd acquired a new stake in CoreCivic during the 2nd quarter worth about $52,000. SCS Capital Management LLC acquired a new stake in CoreCivic during the 2nd quarter worth about $304,000. Finally, Bank of New York Mellon Corp purchased a new stake in CoreCivic during the 2nd quarter valued at about $18,516,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

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

Key CoreCivic News

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: CoreCivic authorized a $500 million accelerated share repurchase agreement, allowing it to repurchase as much as 15.7% of its outstanding shares. The program could support earnings per share by reducing the share count and signals that management views the stock as undervalued. CoreCivic Announces $500 Million Accelerated Share Repurchase Agreement
• Positive Sentiment: Coverage from Wall Street Zen upgraded CoreCivic to Buy, adding to the positive investor sentiment surrounding the stock and its capital-return strategy. CoreCivic Upgraded to Buy at Wall Street Zen
• Neutral Sentiment: The buyback announcement was associated with a sharp rally in CoreCivic shares, highlighting strong market approval. However, the stock is now trading well above its 50-day and 200-day moving averages and near its 12-month high, which may increase sensitivity to disappointing news. CoreCivic Shares Climb After Launching Accelerated Buyback
• Negative Sentiment: Noble Financial reduced its third-quarter 2026 EPS forecast to $0.62 from $0.68 and cut its FY2026 estimate to $2.61 from $2.64. The firm retained an Outperform rating, but the revisions point to somewhat softer expected profitability and remain below the current full-year consensus estimate of $2.66 per share.

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.