GEO Group Q2 Adj. EPS $0.24 Beats $0.20 Estimate, Sales $593.90M Beat $588.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
GEO Group reported Q2 earnings of $0.24 per share, beating the analyst consensus estimate of $0.20 by 20%. However, this is a 42.86% decrease from the same period last year. The company also reported quarterly sales of $593.90 million, beating the estimate of $588.26 million by 0.96%, a 0.97% increase from last year.
August 09, 2023 | 10:00 am
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NEUTRAL IMPACT
GEO Group's Q2 earnings and sales beat estimates, but earnings are down significantly from last year.
While GEO Group beat earnings and sales estimates, the significant decrease in earnings from the same period last year could potentially offset any positive impact from beating estimates. This could result in a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100