Geo Group Sees Q3 Revenue $588M-$603M vs $612.57M Est., Sees FY23 Revenue $2.4B vs $2.43B Est.
Portfolio Pulse from Benzinga Newsdesk
Geo Group has projected its Q3 revenue to be between $588M and $603M, which is lower than the estimated $612.57M. The company also anticipates its FY23 revenue to be $2.4B, slightly below the estimated $2.43B.
August 09, 2023 | 10:02 am
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NEGATIVE IMPACT
Geo Group's lower than expected revenue projections for Q3 and FY23 may negatively impact its stock price in the short term.
Geo Group's projected revenues for Q3 and FY23 are lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100