GEO Group (GEO) Tops Q3 EPS by 2c, Revenues Miss; FY18 EPS Mid-Point Outlook Above Consensus

GEO Group (NYSE: GEO) reported Q3 EPS of $0.38, $0.02 better than the analyst estimate of $0.36. Revenue for the quarter came in at $583.53 million versus the consensus estimate of $588.44 million.

• 3Q18 Net Income Attributable to GEO of $0.33 per diluted share
• 3Q18 Adjusted Net Income of $0.38 per diluted share
• 3Q18 AFFO of $0.65 per diluted share
• FY18 guidance for Net Income Attributable to GEO of $1.25-$1.27;
  • Adjusted Net Income of $1.35-$1.37
  • AFFO of $2.47-$2.49 per diluted share

George C. Zoley, Chairman and Chief Executive Officer of GEO, said, “We are pleased with our third quarter results and our earnings and AFFO guidance for the fourth quarter. We are focused on effectively allocating capital to drive long-term, sustainable value for our shareholders, and we remain optimistic regarding the demand for our services and the outlook for new growth opportunities.”

GUIDANCE:

GEO Group sees FY2018 EPS of $1.35-$1.37, versus the consensus of $1.35.

For earnings history and earnings-related data on GEO Group (GEO) click here.

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