GEO Group Q2 2024 Adj EPS $0.23 Beats $0.17 Estimate, Sales $607.20M Miss $608.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
GEO Group (NYSE:GEO) reported Q2 2024 adjusted EPS of $0.23, beating the analyst estimate of $0.17 by 35.29%. However, sales of $607.20 million slightly missed the estimate of $608.08 million. Sales increased by 2.24% compared to the same period last year.
August 07, 2024 | 10:01 am
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GEO Group reported Q2 2024 adjusted EPS of $0.23, beating the analyst estimate of $0.17 by 35.29%. However, sales of $607.20 million slightly missed the estimate of $608.08 million. Sales increased by 2.24% compared to the same period last year.
The significant beat on EPS is likely to have a positive impact on the stock price in the short term, despite the slight miss on sales. The year-over-year sales growth also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100