Zacks Research Has Positive Outlook of CoreCivic Q3 Earnings

CoreCivic, Inc. (NYSE:CXW) – Stock analysts at Zacks Research increased their Q3 2026 EPS estimates for CoreCivic in a note issued to investors on Wednesday, March 11th. Zacks Research analyst M. Marin now forecasts that the real estate investment trust will post earnings per share of $0.70 for the quarter, up from their previous estimate of $0.67. The consensus estimate for CoreCivic’s current full-year earnings is $1.50 per share. Zacks Research also issued estimates for CoreCivic’s Q4 2026 earnings at $0.71 EPS and FY2026 earnings at $2.60 EPS.

A number of other brokerages also recently issued reports on CXW. JonesTrading reiterated a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research report on Friday, February 13th. Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

CoreCivic Price Performance

Shares of CoreCivic stock opened at $18.20 on Friday. The firm has a market cap of $1.78 billion, a PE ratio of 16.85 and a beta of 0.72. CoreCivic has a twelve month low of $15.73 and a twelve month high of $23.54. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $18.67 and a 200 day moving average price of $18.88.

CoreCivic (NYSE:CXW) last issued its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). CoreCivic had a return on equity of 8.17% and a net margin of 5.27%.The firm had revenue of $603.95 million during the quarter, compared to analyst estimates of $585.12 million. During the same quarter last year, the company posted $0.39 EPS. The company’s revenue was up 26.0% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. acquired a new stake in CoreCivic in the 2nd quarter worth about $25,000. NBC Securities Inc. raised its holdings in shares of 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 acquiring an additional 1,228 shares during the last quarter. Covestor Ltd raised its holdings in shares of CoreCivic by 31,516.7% during the third quarter. Covestor Ltd now owns 1,897 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,891 shares during the last quarter. Leonteq Securities AG purchased a new position in shares of CoreCivic in the fourth quarter valued at approximately $57,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of CoreCivic by 33.0% in the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 702 shares in the last quarter. 85.13% of the stock is owned by hedge funds and other 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.