The GEO Group, Inc. reports results for the quarter ended September 30 - Earnings Summary

• The GEO Group, Inc. GEO.N reported quarterly adjusted earnings of 39 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of five analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 32 cents to 36 cents per share.

• Revenue rose 11.5% to $761.06 million from a year ago; analysts expected $783.08 million.

• The GEO Group, Inc.'s reported EPS for the quarter was 37 cents​.

• The company reported quarterly net income of $49.21 million.

• The GEO Group, Inc. shares had fallen by 9.6% this quarter and gained 70.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 13.3% 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 business support services peer group is also "buy"

• Wall Street's median 12-month price target for The GEO Group, Inc. is $40.00, about 31.2% above its last closing price of $27.53

This summary was machine generated from LSEG data November 5 at 03:21 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)