Q3 Earnings Estimate for CoreCivic Issued By Noble Financial

CoreCivic, Inc. (NYSE:CXW) – Stock analysts at Noble Financial lowered their Q3 2026 earnings per share estimates for CoreCivic in a research note issued to investors on Monday, August 10th. Noble Financial analyst J. Gomes now expects 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 research firms have also commented on CXW. JonesTrading restated a “buy” rating and issued a $30.00 price objective on shares of CoreCivic in a research report on Wednesday, August 5th. Benchmark lifted their target price on shares of CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a report on Friday. Northland Securities set a $40.00 target price on shares of CoreCivic in a research note on Friday, June 26th. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Finally, UBS Group set a $35.00 price target on shares of CoreCivic in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, CoreCivic has a consensus rating of “Buy” and a consensus target price of $37.00.

CoreCivic Stock Up 2.4%

Shares of CXW stock opened at $33.06 on Tuesday. The stock has a 50 day moving average of $29.46 and a 200 day moving average of $23.02. 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 $3.27 billion, a P/E ratio of 26.45 and a beta of 0.58. CoreCivic has a twelve month low of $15.73 and a twelve month high of $34.86.

CoreCivic declared that its Board of Directors has authorized a share buyback plan on Monday, August 10th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 15.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On CoreCivic

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NBC Securities Inc. lifted its holdings in CoreCivic by 533.9% during the fourth quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,228 shares in the last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of CoreCivic during the second quarter worth about $52,000. Smartleaf Asset Management LLC increased 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 in the last quarter. Leonteq Securities AG acquired a new position in shares of CoreCivic during the 4th quarter worth about $57,000. Finally, Fifth Third Bancorp raised its position in shares of CoreCivic by 320.7% during the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,546 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

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.

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.