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

Reuters
07 Nov 2024

* Geo Group Inc 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

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