Education
About Us
Working with TipRanks
Follow Us
CoreCivic Inc (CXW)
NYSE:CXW
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.27Last Year’s EPS
0.23Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed materially positive operational and financial momentum — strong Q4 outperformance, significant ICE-driven revenue growth, multiple facility reactivations, robust 2026 guidance and ample liquidity — tempered by execution and timing risks: a notable activation delay (Midwest Regional), start-up losses that pressured margins, and concentration risk tied to ICE. On balance the highlights (substantial revenue/profit gains, clear activation pipeline and strong balance sheet actions) outweigh the lowlights.Company Guidance
Strong Q4 Financial Outperformance
Adjusted EPS of $0.27 in Q4 2025 vs $0.16 in Q4 2024, up 69%; normalized FFO per share $0.52 vs $0.39, up 33%; adjusted EBITDA $92.5M vs $74.2M, up 25%. Adjusted EPS beat analyst estimates by $0.09 and adjusted EBITDA beat by $9M.
Federal Revenue Surge Driven by ICE
Federal partners comprised 57% of Q4 revenue; federal revenue increased 49% YoY. ICE revenue rose $124.4M or 103.4% YoY, fueling the majority of the top-line improvement.
Occupancy and Population Growth
Average daily population increased to 56,380 in Q4 2025 vs 50,202 in Q4 2024 (+12.3%); total Safety & Community occupancy at 78.1%, up 2.6 percentage points year-over-year.
Reactivations and Near-Term Revenue Run-Rate
Three of four previously idle facilities are receiving populations; the three new H2 2025 contract awards (excluding Midwest Regional) are expected to generate ~ $260M of annual revenue once normalized. Company expects a 2026 annual revenue run-rate of ~ $2.5B and an EBITDA run-rate of ~ $450M (almost $100M YoY improvement) once stabilizations complete.
Balance Sheet Flexibility and Liquidity
Expanded revolving credit facility from $275M to $575M; total bank commitments $700M (including $125M term loan). Cash on hand $97.9M and incremental borrowing capacity $311.4M for total liquidity of ~$409.3M. Net debt-to-adjusted EBITDA of 2.8x (TTM).
Aggressive Share Repurchase Program
Repurchased 5.3M shares in Q4 for $97.3M; YTD repurchases 11.2M shares for $218.4M. Since 2022 repurchases total 25.7M shares for $399.5M ($15.52/share). Board authorization increased, with $300.5M remaining under authorization and cumulative authorization up to $700M.
2026 Guidance and Cash Flow Outlook
2026 guidance: diluted EPS $1.49–$1.59; FFO per share $2.54–$2.64; EBITDA $437M–$445M. AFFO forecast $245M–$259.3M; maintenance CapEx $60M–$70M, activation-related CapEx $35M–$40M. Guidance implies midpoint EBITDA and EPS growth of approximately 21% and 40% respectively year-over-year (at midpoint).
Operational Quality and Accreditations
Multiple facilities achieved exemplary outcomes at ACA reaccreditation hearings (three correctional facilities and three residential reentry facilities with near-perfect scores). Dilley facility re-contracted through 2030 with federal monitoring and performance standards.
CXW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CXW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $18.50 | $17.86 | -3.46% |
Nov 05, 2025 | $18.64 | $16.79 | -9.92% |
Aug 06, 2025 | $19.60 | $20.00 | +2.04% |
May 07, 2025 | $22.60 | $22.02 | -2.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CoreCivic Inc (CXW) report earnings?
CoreCivic Inc (CXW) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is CoreCivic Inc (CXW) earnings time?
CoreCivic Inc (CXW) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CXW EPS forecast?
CXW EPS forecast for the fiscal quarter 2026 (Q1) is 0.27.