GEO Group

The GEO Group, Inc. engages in the design, financing, development, and support services for secure facilities, processing centers, and community re-entry facilities. It operates through the following segments: U.S. Secure, Electronic Monitoring and Supervision, Reentry, and International Services. The U.S. Secure Services segment encompasses the United States-based public-private partnership corrections and detention business. The Electronic Monitoring and Supervision Services segment conducts its services in the U.S. The Reentry Services Segment consists of various community-based and reentry services. The International Services segment consists of public-private partnership secure services operations in Australia and South Africa. The company was founded by George C. Zoley in 1984 and is headquartered in Boca Raton, FL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

GEO Group achieves record revenues and aims for debt reduction

GEO Group reported strong financial results in Q4 2022, with record revenues and profitability. The company aims to reduce debt and leverage while expanding its service offerings and exploring growth opportunities. Challenges lie in managing inflationary costs and navigating potential shifts in immigration policies.

GEO Group reports Q1 revenue growth, eyes international expansion

GEO Group's Q1 2023 showcased revenue growth driven by Electronic Monitoring, offset by net income challenges from higher interest expenses.
Strategic debt reduction efforts and focus on innovative solutions like VeriWatch device position the company for long-term stability and growth.

GEO Group surpasses Q2 expectations, eyes growth amid challenges

GEO Group's Q2 performance exceeded expectations, driven by revenue growth and strategic contracts. While facing challenges with participant counts and legal uncertainties, the company's focus on debt reduction and service quality positions them for stability. Opportunities in growth markets and policy changes provide avenues for future success.

GEO Group reports steady Q3 performance amidst revenue challenges

GEO Group showcased solid financial performance in Q3 2023 with renewed contracts and population growth, despite challenges in Secure Services revenue.
The company's focus on debt reduction, potential growth opportunities from the ISAP proposal, and pricing adjustments on state contracts highlight strategic resilience.
Operational challenges include rising labor and healthcare costs impacting margins, and decisions on facility utilization based on customer priorities.
Overall, GEO Group's performance reflects stability, adaptability to market dynamics, and a commitment to optimizing operational efficiency and shareholder value.

GEO Group reports strong Q4 performance amidst ICE challenges

GEO Group's Q4 2023 performance reflects resilience amidst challenges, with a focus on operational excellence, financial prudence, and growth opportunities.
The company's strengths lie in its diversified services platform, stable margins, and commitment to shareholder value through strategic initiatives.
Challenges include ICE funding uncertainties, policy changes, and technology evolution, requiring adaptability and strategic planning.
Opportunities for growth through rebranding, technology development, and asset redeployment position GEO Group for future success and shareholder returns.

GEO Group reports solid Q1 earnings, eyes revenue diversification

GEO Group's Q1 2024 performance reflects revenue growth and strong financial management, with a focus on debt refinancing and potential capital returns.
Operational strengths in service delivery and government partnerships are highlighted, alongside challenges in cost management and contract renewals.
Opportunities lie in leveraging idle facilities for ICE detention, potential modifications for idle beds, and securing long-term contract renewals for stability.

GEO Group reports mixed Q2 results, focuses on debt reduction

GEO Group's Q2 performance reflects a mix of revenue growth and challenges in profitability.
The company's focus on debt reduction and operational milestones showcases strategic initiatives.
Analysts' inquiries highlight interest in growth opportunities and financial strategies.
Navigating political and financial challenges while capitalizing on expansion prospects will be key.

GEO Group reports mixed Q3 performance, eyes federal support

GEO Group's Q3 2024 showed mixed performance with growth potential.
Strong focus on operational milestones, audits, and rehabilitation programs.
Challenges include ICE funding uncertainties and staffing issues.
Opportunities lie in federal support, growth segments, and partnerships.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Geo Group (GEO) delivered FFO and revenue surprises of 28% and 0.05%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Geo Group (GEO) Q1 FFO Surpass Estimates

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO”), a leading provider of support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the first quarter 2022. First Quarter 2022 Highlights Total revenues of $551.2 million Net Income Attributable to GEO of $38.2 million, or $0.26 per diluted share Adjusted Ne

The GEO Group Reports First Quarter 2022 Results

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its first quarter 2022 financial results on Tuesday, May 3, 2022 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Tuesday, May 3, 2022. Hosting the call for GEO will be George C. Zoley, Executive Chairman of the Board, Jose Gordo, Chief Executive Officer, Brian R. Evans, Senior Vice President and Chief Financial Officer, James Black, Presiden

The GEO Group Announces Date for First Quarter 2022 Earnings Release and Conference Call

Bassett Furniture

Celestica

Here are three undervalued stocks to consider buying now as the shift to valuation becomes the dominant theme in 2022. The post 3 Undervalued Small-Cap Stocks to Buy Now appeared first on InvestorPlace.

3 Undervalued Small-Cap Stocks to Buy Now

Bristol-Myers

CoreCivic

Fidelity National Financial

General Dynamics

Imperial Brands PLC

AEA-Bridges Impact Corp.

So, which names now make up the Michael Burry stocks? Let's dive in, and check out these seven, the six that are U.S.-based, plus one foreign stock you can buy over-the-counter (OTC): Bristol-Myers Squibb (NYSE:BMY) CoreCivic (NYSE:CXW) Fidelity National Financial (NYSE:FNF) General Dynamics (NYSE:GD) Geo Group (NYSE:GEO) Imperial Brands (OTCMKTS:IMBBY) AEA-Bridges Impact (NYSE:IMPX) The post 7 Michael Burry Stocks to Buy as ‘The Big Short' Investor Makes Moves appeared first on InvestorPlace.

7 Michael Burry Stocks to Buy as ‘The Big Short' Investor Makes Moves

The GEO Group, Inc. (GEO) CEO Jose Gordo on Q4 2021 Results - Earnings Call Transcript

Geo Group (GEO) delivered FFO and revenue surprises of 12.07% and 0.10%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Geo Group (GEO) Beats Q4 FFO Estimates

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO”), a leading provider of support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the fourth quarter and full year 2021. Fourth Quarter 2021 Highlights Total revenues of $557.5 million Net Loss Attributable to GEO of $49.8 million or ($0.41) per diluted sh

The GEO Group Reports Fourth Quarter and Full Year 2021 Results

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its fourth quarter 2021 financial results on Thursday, February 17, 2022 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Thursday, February 17, 2022. Hosting the call for GEO will be George C. Zoley, Executive Chairman of the Board, Jose Gordo, Chief Executive Officer, Brian R. Evans, Senior Vice President and Chief Financial Officer, James

The GEO Group Announces Date for Fourth Quarter 2021 Earnings Release and Conference Call

It's been exactly one year since I recommended this pair trade. This pair trade netted a +60% gain while being largely market and industry neutral.

Pair Trade Revisited: Stay In The Long CoreCivic/Short GEO Group Trade

MarineMax

MagnaChip Semiconductor

When seeking value opportunities, investors could be interested in the following stocks, since their prices are trading at a discount to the intrinsic value calculated by GuruFocus' earnings-based discounted cash flow (DCF) calculator.

3 Stocks That Appear to Be Undervalued

JPMorgan BetaBuilders MSCI US REIT ETF

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Neuberger Berman Real Estate Securities Income Fund Inc

US Diversified Real Estate ETF

Invesco Active US Real Estate

ProShares Short Real Estate

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

SPDR Dow Jones REIT ETF

Schwab U.S. REIT ETF

Seven Hills Realty Trust

ProShares UltraShort Real Estate

Pacer Funds Trust-Pacer Benchmark Data & Infrastructure Real Estate Sector ETF

ProShares Ultra Real Estate

iShares Core U.S. REIT ETF

Farewell - or perhaps good riddance - to the Prison REIT sector. GEO Group announced last week that it's joining CoreCivic in abandoning the REIT structure, concluding a tumultuous 8-year run as REITs. Prison REITs were the worst-performing property sector since their REIT conversions in 2013 and consistently ranked at the bottom across performance metrics - particularly after their once-lucrative dividends were eliminated.

Prison REITs: The Verdict Is In

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO”) published today the company's third annual Human Rights and Environmental, Social & Governance (ESG) report. The report builds on GEO's first two Human Rights and ESG reports, which provided disclosures on how GEO informs its employees of the company's long-standing commitment to respecting human rights; the criteria GEO uses to assess human rights performance; and GEO's contract compliance program and independent ve

The GEO Group Publishes Third Annual Human Rights and ESG Report

The prison operator finally made a call about how it wants to structure its business. Investors weren't so pleased.

Why The Geo Group Stock Tanked 15% in Early Trading Today

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group (NYSE: GEO) (“GEO”) announced today that its Board of Directors (the “Board”) has unanimously approved a plan to terminate its Real Estate Investment Trust (“REIT”) election and become a taxable C corporation, effective for the fiscal year ending December 31, 2021. The decision stems from the Board's evaluation of GEO's corporate tax structure and REIT status, which was announced on April 7, 2021. The Board also voted unanimously to discontinue G

The GEO Group Announces Change in Corporate Structure

The average of price targets set by Wall Street analysts indicates a potential upside of 48.1% in Geo Group (GEO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Geo Group (GEO) Have the Potential to Rally 48% as Wall Street Analysts Expect?

Twenty-First Century Fox

Sinopec Shanghai Petrochemical

Zillow

RCI Hospitality

While broaching the subject of stocks to sell is always controversial, you'll find less friction with these questionable investments. The post 7 Stocks to Sell You Can Feel Good About Dumping appeared first on InvestorPlace.

7 Stocks to Sell You Can Feel Good About Dumping

Cedar Realty Trust

The achievement of a .400 batting average in a season is recognized as "the standard of hitting excellence."

3 Of My Worst REIT Picks Ever (No. 3 Might Shock You)

Gaming and Leisure Properties

GEO vs. GLPI: Which Stock Is the Better Value Option?

AvalonBay Communities

Cherry Hill Mortgage

Chimera Investment

Camden Property

Ellington Financial

EPR Properties

Equity Commonwealth

Equity Residential

Essex Property Trust

Franklin BSP Realty Trust Inc

Federal Realty Investment Trust

Hersha Hospitality Trust Class A

Industrial Logistics Properties

Invesco Mortgage Capital

U.S. equity markets advanced for the fifth-straight week as encouraging employment data, dovish Federal Reserve commentary, and surprising election results powered the major averages to fresh record highs. Closing the week on a seven-day winning streak, the S&P 500 gained 2.0% this week, while the Mid-Cap 400 rallied 4.0% and the Small-Cap 600 surged nearly 7%.

REITs Rally Amid Reopening Rotation

The GEO Group's (GEO) CEO Jose Gordo on Q3 2021 Results - Earnings Call Transcript

Geo Group (GEO) delivered FFO and revenue surprises of 1.56% and 1.04%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Geo Group (GEO) Q3 FFO and Revenues Top Estimates

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO”), a fully integrated equity real estate investment trust (“REIT”) and a leading provider of enhanced in-custody rehabilitation, post-release support, electronic monitoring, and community-based programs, reported today its financial results for the third quarter and the first nine months of 2021. Third Quarter 2021 Highlights Total revenues of $557.3 million Net Income Attributable to GEO of $34.7 million Adjusted Net Inco

The GEO Group Reports Third Quarter 2021 Results

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group (NYSE: GEO) (“GEO”) commented today on the recent unfavorable jury verdict and combined $23.2 million judgments in the retrial of two cases, State of Washington v. GEO Group and Nwauzor et al. v. GEO Group (the “lawsuits”), in U.S. District Court for the Western District of Washington. The original trial of the lawsuits resulted in a mistrial in June 2021 as that jury was unable to reach a unanimous verdict. GEO will address the need for a bond f

The GEO Group Comments on Unfavorable Jury Verdict and Judgments in the U.S. District Court for the Western District of Washington

New York, New York--(Newsfile Corp. - October 28, 2021) - In an order dated September 23, 2021, the Honorable Rodney Smith of the Unites States District Court for the Southern District of Florida denied in part a motion to dismiss in Hartel v. The GEO Group, Inc. et al., No. 9:20-cv-81063-RS. GEO (NYSE: GEO) is an equity real estate investment trust specializing in the design, financing, development, and operation of secure facilities, processing centers, and...

Roche Freedman and Levi & Korsinsky Defeat Motion to Dismiss in Private Prison Securities Class Action

News for GEO Group Stock (GEO)