Geo Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Geo

07/11/2024 14:43

* Geo Group Inc  GEO.N  reported quarterly adjusted earnings
of 21
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 19 cents.  The mean expectation of five analysts for the
quarter was for earnings of 24 cents per share. Wall Street
expected results to range from 22 cents to 26 cents per share.
    * Revenue rose 0.1% to $603.13 million from a year ago;
analysts
expected $613.26 million. 
    * Geo Group Inc's reported EPS for the quarter was 19
cents​.
    * The company reported quarterly net income of $26.32
million.
    * Geo Group Inc shares had risen by 67.3% this quarter and
gained 98.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the real estate
rental,
development & operations peer group is also "buy"

Wall Street's median 12-month price target for Geo Group Inc is
$18.75 
This summary was machine generated from LSEG data November 7 at
02:42 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.24           0.21           Missed
 Jun. 30 2024      0.16           0.23           Beat
 Mar. 31 2024      0.19           0.18           Missed
 Dec. 31 2023      0.18           0.29           Beat