The GEO Group Sees Q3 2024 Net Income $0.21-$0.25 Vs $0.27 Estimate; Sees Revenues $606M-$616M Vs $613M Estimate
Portfolio Pulse from Benzinga Newsdesk
The GEO Group has released its Q3 2024 financial guidance, projecting net income between $0.21 and $0.25 per share, which is below the $0.27 estimate. The company also expects revenues to be in the range of $606 million to $616 million, compared to the $613 million estimate.
August 07, 2024 | 10:07 am
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The GEO Group's Q3 2024 financial guidance indicates lower-than-expected net income and a revenue range that straddles the estimate. This could lead to short-term negative sentiment among investors.
The GEO Group's projected net income for Q3 2024 is below analyst estimates, which is likely to disappoint investors. Although the revenue range is close to the estimate, the lower net income guidance could overshadow this, leading to a short-term negative impact on the stock price.
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