Geo Group Inc GEO.N reported quarterly adjusted earnings of 22 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of six analysts for the quarter was for earnings of 16 cents per share. Wall Street expected results to range from 15 cents to 18 cents per share.
Revenue rose 4.8% to $636.17 million from a year ago; analysts expected $621.31 million.
Geo Group Inc's reported EPS for the quarter was 21 cents.
The company reported quarterly net income of $29.11 million.
Geo Group Inc shares had risen by 7.9% this quarter and lost 7.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 30% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "buy"
Wall Street's median 12-month price target for Geo Group Inc is $39.00, about 33.7% above its last closing price of $25.84
This summary was machine generated from LSEG data August 6 at 01:30 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)