Preview: GEO Group's Earnings
Portfolio Pulse from Benzinga Insights
GEO Group (NYSE:GEO) is scheduled to release its quarterly earnings report on February 15, 2024, with analysts estimating an EPS of $0.18. Historical data shows mixed reactions to past earnings, with the last quarter's miss leading to a 1.8% drop in share price. Shares have risen 11.7% over the last year, indicating positive sentiment among long-term investors. The upcoming report's guidance will be crucial for short-term stock movement.
February 14, 2024 | 6:02 pm
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GEO Group is anticipated to report an EPS of $0.18 for the quarter. Historical performance shows sensitivity to earnings announcements and guidance, with a recent 1.8% drop after missing EPS estimates. Shares have increased by 11.7% over the past year, reflecting positive long-term sentiment.
Given GEO Group's mixed historical earnings performance and the recent positive trend in share price, the short-term impact of the upcoming earnings report is uncertain. The guidance provided will likely play a significant role in determining the stock's immediate direction. The anticipation of the earnings report and the company's performance relative to the EPS estimate of $0.18 could lead to volatility in the stock price. However, the long-term positive sentiment among shareholders may buffer any negative short-term reactions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100