Geo Group Inc expected to post earnings of 24 cents a share - Earnings Preview

Geo

06/11/2024 14:22

* Geo Group Inc  GEO.N   GEO  is expected to show a rise in
quarterly revenue when it reports  results on November 7 for the
period ending September 30 2024
    * The Boca Raton Florida-based  company is expected to
report a
1.7% increase in revenue to $613.265 million from $602.79
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on August 7
2024, for the period ended September 30, was for revenue between
$606.00 million and $616.00 million. (SAL represents Total
Revenue)
    * ​LSEG's mean analyst estimate for Geo Group Inc is for
earnings
of 24 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Geo Group
Inc is
$18.75​, above​ its last closing price of $15.13. ​​​

The company's guidance on August 7 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD606 million and
USD130 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.18        0.16       0.23      Beat    40.2
 Mar. 31 2024  0.20        0.19       0.18      Missed  -6.5
 Jan. 1 0001   0.17        0.18       0.29      Beat    65​
 Sep. 30 2023  0.19        0.19       0.19      Met     -1.3
 ​​Jun.        0.20        0.20       0.20      Met     0.2
 30 2023                                                
 Mar. 31 2023  0.22        0.22       0.19      Missed  -13.6​
 Dec. 31 2022  0.26        0.26       0.28      Beat    7.7
 Sep. 30 2022  0.34        0.34       0.26      Missed  -23.5
 This summary was machine generated November 6 at 14:22 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)