The GEO Group For Q1 Expects Net Income Of $22M-$24M, And Revenues Of ~$600M Vs. $605.35 Est.; Sees Adjusted EBITDA Of $117M-$122M
Portfolio Pulse from Benzinga Newsdesk
The GEO Group anticipates Q1 net income of $22M-$24M and revenues of approximately $600M, slightly below the $605.35M estimate. Adjusted EBITDA is expected to be $117M-$122M. The guidance accounts for one fewer day in Q1 2024 compared to Q4 2023 and higher early-year payroll taxes.
February 15, 2024 | 11:13 am
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The GEO Group expects Q1 net income of $22M-$24M and revenues of ~$600M, slightly below expectations. Adjusted EBITDA is projected at $117M-$122M.
The GEO Group's guidance for Q1 2024 indicates a slight underperformance in revenue compared to estimates, which could lead to cautious investor sentiment. However, the detailed guidance on net income and adjusted EBITDA suggests management's confidence in operational stability, balancing the potential impact on the stock price.
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