The GEO Group Sees Q4 2024 Net Income Per Share $0.22-$0.29 Vs $0.30 Estimate; Sees Revenue $611M-$621M Vs $618.8M Estimate
Portfolio Pulse from Benzinga Newsdesk
The GEO Group has provided its Q4 2024 financial guidance, projecting net income per share between $0.22 and $0.29, which is below the $0.30 estimate. The company also expects revenue to be in the range of $611 million to $621 million, compared to the $618.8 million estimate.
August 07, 2024 | 10:11 am
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The GEO Group's Q4 2024 financial guidance indicates lower-than-expected net income per share and a revenue range that is close to estimates. This could lead to a negative short-term impact on the stock price.
The GEO Group's projected net income per share for Q4 2024 is below the market estimate, which is likely to disappoint investors. Although the revenue range is close to the estimate, the lower net income per share could lead to a negative short-term reaction in the stock price.
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