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

Michael Burry, who was portrayed by Christian Bale in the cult film classic The Big Short, has dumped his entire investment portfolio and replaced it with a stake in prison company Geo Group Inc. Burry rose to fame after shorting the US mortgage loan market before the financial crash in 2008 and the Scion Asset Management fund manager has now backed the prison stock, according to Reuters.

The Big Short fund manager sells out of tech and buys prison stock

Micheal Burry's fame reached an apex with his prescient call on mortgage-backed securities and the housing market crash in 2008

‘Big Short' Micheal Burry dumps all his stocks except one; Here's why

Shares of Geo Group (NYSE: GEO ) are at the center of attention after Michael Burry's Scion Asset Management reported the company as its only second-quarter 13F holding, selling off all other stocks. Today is the deadline for institutional investors to file their Q2 13F, which provides retail investors with a snapshot of stocks institutions own as of June 30.

Why Michael Burry Is Betting Big on Just ONE Secretive Stock

Scion Asset Management fund manager Michael Burry, who rose to fame with timely bets against housing ahead of the 2008 financial crisis, in the last quarter dumped a dozen bullish positions and replaced them with a new stake in prison company Geo Group Inc, according to filings released on Monday.

'Big Short' fund manager Burry dumps portfolio, buys prison stock

Michael Burry's SEC F13 filing for the June quarter reveals that he sold his entire portfolio, except GEO Group. The GEO Group, Inc. is the world's second largest private "prison company."

GEO Group: Michael Burry Sold Everything But This One Stock

The mean of analysts' price targets for Geo Group (GEO) points to an 83.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Geo Group (GEO) Could Surge 83%: Read This Before Placing a Bet

The GEO Group, Inc. (NYSE:GEO ) Q2 2022 Earnings Conference Call August 2, 2022 11:00 AM ET Company Participants Pablo Paez - Executive Vice President, Corporate Relations George Zoley - Executive Chairman Jose Gordo - Chief Executive Officer Brian Evans - Chief Financial Officer James Black - President, GEO Secure Services Ann Schlarb - President, GEO Care Conference Call Participants Joe Gomes - Noble Capital Mitra Ramgopal - Sidoti Kirk Ludtke - Imperial Capital Jay McCanless - Wedbush Jordan Sherman - Ranger Global Operator Good morning and welcome to the GEO Group Second Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note that this event is being recorded.

The GEO Group, Inc. (GEO) CEO Jose Gordo on Q2 2022 Results - Earnings Call Transcript

Geo Group (GEO) delivered FFO and revenue surprises of 18.97% and 4.76%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Geo Group (GEO) Beats Q2 FFO and Revenue 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 second quarter and first six months of 2022 and increased its financial guidance for the full year 2022. Second Quarter 2022 Highlights Total revenues of $588.2 million N

The GEO Group Reports Second Quarter 2022 Results and Increases Full Year 2022 Financial Guidance

GEO Group has announced its refinancing plans. As part of this effort, you will receive an "exchange offer" if you own the current 2023 or 2024 bonds.

Lock Up This 11% Yield And Throw Away The Key: GEO

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) ("GEO") announced today that it has rescheduled the date for its second quarter 2022 earnings release and conference call. GEO will now release its second quarter 2022 financial results on Tuesday, August 2, 2022 before the market opens. GEO has rescheduled its conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Tuesday, August 2, 2022. Hosting the call for GEO will be George C. Zoley, Executive Chairman of th

The GEO Group Reschedules Date for Second Quarter 2022 Earnings Release and Conference Call

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its second quarter 2022 financial results on Wednesday, August 3, 2022 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Wednesday, August 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 Blac

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

Faraday Future Intelligent Electric

Novavax

Palantir Technologies

Snap

Virgin Galactic

All meme stocks may not be sound investment options. A close scrutiny of these stocks can help to zero in on investment-worthy candidates from among these stocks.

7 Surprising Meme Stocks to Buy and Hold in 2022

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) (“GEO” or the “Company”) today announced that it has commenced offers to exchange (the “Exchange Offers”) any and all of its outstanding (i) 5.125% Senior Notes due 2023 (the “2023 Notes”) and (ii) 5.875% Senior Notes due 2024 (the “2024 Notes” and, collectively with the 2023 Notes, the “Old Notes”) for newly issued 10.500% Senior Second Lien Secured Notes maturing on June 30, 2028 (the “New Notes”) and, if elected, cash, upon th

The GEO Group Announces Commencement of Exchange Offers and Consent Solicitations for Certain of Its Outstanding Debt Securities

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today a series of proposed transactions (the “Proposed Transactions”) with certain of its secured and unsecured creditors which will, if completed, comprehensively address the substantial majority of GEO's outstanding debt scheduled to mature in 2023, 2024 and 2026. The Proposed Transactions are conditioned upon receipt of certain further creditor participation and consent. As further described

The GEO Group Commences Proposed Transactions to Address Its Debt Maturities and Strengthen Its Capital Structure

ARC Document Solutions

Century Casinos

Cricut

Destination XL Group

VAALCO Energy

Townsquare Media

Each of these cheap stocks under $10 per share trades at a low valuation, and has catalysts in play to potentially send them back to higher prices. The post 7 Best Cheap Stocks Under $10 to Buy in July appeared first on InvestorPlace.

7 Best Cheap Stocks Under $10 to Buy in July

CubeSmart

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

GEO vs. CUBE: Which Stock Should Value Investors Buy Now?

Geo Group (GEO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

All You Need to Know About Geo Group (GEO) Rating Upgrade to Strong Buy

GEO or CUBE: Which Is the Better Value Stock Right Now?

Apple

Booking Hlds

Bristol-Myers

CoreCivic

General Dynamics

Twitter

Michael Burry is back on Twitter, although his first tweet upon his return is not very supportive of current market conditions. The post Michael Burry Says 2022 Is a ‘Plane Crash.

Michael Burry Says 2022 Is a ‘Plane Crash.' Here's What the Legendary Investor Is Betting On.

Corporate Office Properties Trust

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

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is The Geo Group (GEO) a Great Value Stock Right Now?

The average of price targets set by Wall Street analysts indicates a potential upside of 81% 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.

Wall Street Analysts Believe Geo Group (GEO) Could Rally 81%: Here's is How to Trade

I compare CXW's and GEO's valuation in a quick DCF framework. The market prices the assets similarly but demand a big equity premium from GEO.

CoreCivic Vs. GEO: Valuation Comparison

The consensus price target hints at an 84.5% upside potential for Geo Group (GEO). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

News for GEO Group Stock (GEO)