Prison operator CoreCivic Q2 revenue misses estimates; hikes forecast
CXW•Raises full-year 2026 outlook
CoreCivic raised its full-year 2026 net income guidance to $1.497 billion-$1.516 billion.
The company expects full-year 2026 adjusted diluted EPS of $1.62-$1.70. CoreCivic said it anticipates an immaterial earnings impact from Prairie Facility activation in 2026.
Analyst coverage and valuation
The current average analyst rating on the shares is buy, with 4 strong buy or buy recommendations, no hold and no sell or strong sell ratings.
The average consensus recommendation for the real estate rental, development & operations peer group is buy.
Wall Street's median 12-month price target for CoreCivic, Inc. is $36.00, about 19.4% above its August 4 closing price of $30.15. The stock recently traded at 17 times the next 12-month earnings versus a P/E of 12 three months ago.
Drivers of the quarterly results
- - The company said increases in adjusted diluted EPS were driven by activations of previously idle facilities and new contract awards.
