The earnings call reflected a mixed sentiment. While there were positive developments in debt reduction, contract renewals, and potential growth opportunities, the company's performance was below expectations, particularly in the Electronic Monitoring and Supervision Services segment. The upcoming Trump administration could present opportunities for growth, but uncertainties remain regarding federal funding and policy changes.

Company Guidance

During the GEO Group's third-quarter 2024 earnings call, the company provided guidance indicating a consistent performance with the second and third quarters, with adjusted fourth-quarter expectations aligning to previous results. The company highlighted financial metrics such as a net income attributable to GEO of approximately $26 million, or $0.19 per diluted share, on revenues of approximately $603 million. Adjusted EBITDA for the quarter was approximately $119 million. For the full year 2024, GEO Group expects adjusted net income of $0.80 to $0.84 per diluted share on revenues of around $2.42 billion, with an effective tax rate of 23% and adjusted EBITDA between $470 million and $480 million. The call also detailed strategic initiatives, including reducing net debt to approximately $1.67 billion by year-end, and potential future growth opportunities, particularly in scaling up services for the federal government's Intensive Supervision Appearance Program (ISAP) and preparing for possible increased demand from the incoming administration's immigration enforcement policies.

Debt Reduction Achievements

Year-to-date, the company reduced net debt by approximately $92 million, bringing total net debt below $1.7 billion with plans to reduce it by an additional $20 million by year-end.

ICE Processing Center Utilization Increase

Utilization at ICE processing centers increased by approximately 11% compared to the prior year, indicating improvements in occupancy levels.

Contract Renewals and Extensions

Renewed several important contracts for ICE processing centers, including a 5-year extension for the Adelanto ICE Processing Center.

Potential Growth in Secure Services Segment

The company has approximately 10,000 idle beds and 8,000 underutilized beds, which could generate significant incremental annualized revenues if utilized.

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Geo Group (GEO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GEO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 13, 2025	2024 (Q4)	0.22 / -	0.29	―	―	―
Nov 07, 2024	2024 (Q3)	0.24 / 0.21	0.19	10.53% (+0.02)
Aug 07, 2024	2024 (Q2)	0.26 / 0.23	0.24	-4.17% (>-0.01)
May 07, 2024	2024 (Q1)	0.20 / 0.18	0.22	-18.18% (-0.04)
Feb 15, 2024	2023 (Q4)	0.17 / 0.29	0.34	-14.71% (-0.05)
Nov 07, 2023	2023 (Q3)	0.19 / 0.19	0.33	-42.42% (-0.14)
Aug 09, 2023	2023 (Q2)	0.20 / 0.24	0.42	-42.86% (-0.18)
Apr 25, 2023	2023 (Q1)	0.22 / 0.22	0.31	-29.03% (-0.09)
Feb 14, 2023	2022 (Q4)	0.25 / 0.34	0.38	-10.53% (-0.04)
Oct 27, 2022	2022 (Q3)	0.34 / 0.33	0.36	-8.33% (-0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GEO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$21.50	$24.43	+13.63%
Aug 07, 2024	$12.83	$12.12	-5.53%
May 07, 2024	$14.43	$13.63	-5.54%
Feb 15, 2024	$11.11	$11.79	+6.12%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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