The GEO Group Sees FY24 Adj. Net Income Per Share $0.82-$0.93 Vs $0.92 Estimate; Sees Adj. EBITDA $485M-$505M
Portfolio Pulse from Benzinga Newsdesk
The GEO Group has provided its financial outlook for FY24, projecting adjusted net income per share between $0.82 and $0.93, which is below the $0.92 estimate. The company also expects adjusted EBITDA to be in the range of $485 million to $505 million.
August 07, 2024 | 10:10 am
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The GEO Group's FY24 financial outlook shows adjusted net income per share below the estimate, which may concern investors. The adjusted EBITDA range is also provided.
The GEO Group's projected adjusted net income per share for FY24 is below the market estimate, which could lead to a negative short-term impact on the stock price. The provided adjusted EBITDA range offers additional context but does not offset the lower net income projection.
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