The GEO Group, Inc. (NYSE:GEO) provider of government-outsourced services, is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.29 per share.
For the full year, analysts predict revenues of $ 2337.64 million, while looking forward to income of $ 1.10 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.58 ~ $ 0.60 per share
Full Year 2020 topline are forecasted in a range of$ 2,340.00 million ~ $ 2,340.00 million, where as bottomline are predicted in a range of $ 2.29 ~ $ 2.33 per share
Click Here For More Historical Outlooks Of The GEO Group, Inc.
Previous Quarter Performance
The GEO Group, Inc. posted income for the second quarter of $ 0.51 per share, from the revenue of $ 587.83 million. The quarterly earnings dropped 8.93 percent while revenues contracted 4.26 percent compared with the same quarter last year. Street analysts expected $ 613.97 million. The top line results fell short of analysts by $ 26.14 million or 4.26 percent.
Stock Performance
Shares of The GEO Group, Inc. traded low $ -0.17 or -2.05 percent on Wednesday, reaching $ 8.11 with volume of 2.67 million shares. The GEO Group, Inc. has traded high as $ 8.26 and has cracked $ 8.00 on the downward trend
According to the previous trading day, closing price of $ 8.11, representing a 3.50 % increase from the 52 week low of $ 8.00 and a 55.05 % decrease over the 52 week high of $ 18.42.
The company has a market capital of $ 984.02 million and is part of the Real Estate sector and REIT – Healthcare Facilities industry.
Conference Call
The GEO Group, Inc. will be hosting a conference call at 11:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.geogroup.com
The GEO Group, Inc. (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the worlds leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.
