GEO News and Press, Geo Group Inc REIT From 04/25/23

2023-04-25 09:47:22 ET Geo Group ( NYSE: GEO ) stock tanked 5.8% in Tuesday premarket trading after the private prison operator's first-quarter earnings aligned with Wall Street expectations and dropped from a year ago. Also, the company delivered its Q2 revenue guidance be...

2023-04-25 06:02:52 ET GEO Group press release ( NYSE: GEO ): Q1 Non-GAAP EPS of $0.22 in-line. Revenue of $608.2M (+10.3% Y/Y) beats by $2.13M . Reduced net debt by approximately $70 million in 1Q23 Updated financial guidance for 2023. Expects full year 2023...

2023-04-24 12:57:44 ET GEO Group ( NYSE: GEO ) is scheduled to announce Q1 earnings results on Tuesday, April 25th, before market open. The consensus EPS Estimate is $0.22 (-29.0% Y/Y) and the consensus Revenue Estimate is $606.07M (+10.0% Y/Y). Over the last 2 years, ...

Earnings Release Scheduled for Tuesday, April 25, 2023 Before the Market Opens Conference Call Scheduled for Tuesday, April 25, 2023 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its first quarter 2023 financial results on Tuesday, April 25...

2023-04-11 09:25:46 ET Summary Two weeks ago I reiterated my long thesis on GEO. Given my bearish outlook for the broader market, I'd like to pair the long GEO trade with a short in CXW to hedge out the industry and market exposure. The level of EBITDA and business quality don...

2023-04-03 09:38:40 ET Summary GEO has round-tripped since my last article so I feel obligated to provide an update. The stock traded down on a couple of concerns: the ISAP population decline and the delay of lifting Title 42. GEO is not facing a high bar to create equity valu...

2023-03-09 13:38:11 ET Summary GEO could see a huge boost if and when Title 42 border regulations expire. The company faces renewal risks, but has managed to navigate them despite a Biden executive order aimed at private prison operators. GEO stock looks cheap based on histori...

2023-03-08 12:00:22 ET GEO Group ( NYSE: GEO ) subsidiary BI has been awarded a five-year contract for use of its BI VeriWatch wrist-worn GPS tracker. Santa Clara County, California will use VeriWatch for real-time and discrete monitoring of individuals under community sup...

BI VeriWatch™ is the Latest in BI Incorporated’s Continuum of Innovative GPS Tracking Systems The GEO Group (NYSE: GEO) (“GEO”) announced today that its wholly-owned subsidiary, BI Incorporated (“BI”), has been awarded a new five-year contract...

2023-03-07 14:47:34 ET Summary GEO Group is heavily shorted, whereas its rival CoreCivic is not, despite trading at a premium to Geo. GEO has successfully navigated the political risk by reinventing its business model. Geo's strengthening relationship with ICE, recent border e...