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The GEO (GEO) - 2024 Q2 - Quarterly Results
2024-08-12 20:16
Exhibit 99.1 NEWS RELEASE 4955 Technology Way ∎ Boca Raton, Florida 33431 ∎ www.geogroup.com THE GEO GROUP REPORTS SECOND QUARTER 2024 RESULTS Boca Raton, Fla. – August 7, 2024 — The GEO Group, Inc. (NYSE: GEO) ("GEO"), a leading provider of support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the second quarter and first six months of ...
The GEO (GEO) - 2024 Q2 - Quarterly Report
2024-08-08 20:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |----------------------------------------------------------------------------------------------------|--------------------------------------------------| | For the transition period from ...
The GEO (GEO) - 2024 Q2 - Earnings Call Transcript
2024-08-07 18:22
The GEO Group, Inc. (NYSE:GEO) Q2 2024 Earnings Conference Call August 7, 2024 11:00 AM ET Company Participants Pablo Paez - EVP, Corporate Relations George Zoley - Executive Chairman Brian Evans - CEO Wayne Calabrese - President and COO Mark Suchinski - CFO James Black - President, GEO Secure Services Conference Call Participants Brian Violino - Wedbush Brendan McCarthy - Sidoti Greg Gibas - Northland Securities Jason Weaver - Jones Trading Jordan Hymowitz - Philadelphia Financial Operator Good day, and we ...
Geo Group (GEO) Q2 Earnings Lag Estimates
ZACKS· 2024-08-07 12:16
Geo Group (GEO) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -8%. A quarter ago, it was expected that this private prison operator would post earnings of $0.19 per share when it actually produced earnings of $0.18, delivering a surprise of -5.26%. Over the last four quarters, the c ...
GEO Group: Golden Opportunity Following The 32% Selloff
Seeking Alpha· 2024-08-06 07:53
da-kuk The GEO Group (NYSE:GEO) is about to release their Q2 2024 earnings results on August 7, 2024, pre-market. In my view, there is a high chance for a positive short-term move in their share price following the earnings release this Wednesday, August 7. In this article, I will discuss several catalysts bound to be realized before the end of this year, their recent performance, including a significant loss to be incurred in their Q2 results, some risks to my bull thesis, and as always, a brief introducti ...
Gilat Awarded Over $9M for its GEO and NGSO Satellite Communications Solutions
GlobeNewswire News Room· 2024-07-23 11:01
PETAH TIKVA, Israel, July 23, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company was awarded over $9M in cumulative orders from multiple satellite operators to expand their global SATCOM networks utilizing Gilat's innovative and field-proven solutions. About Gilat Gilat's comprehensive offering supports multiple applications with a full portfolio of products and tailored ...
Osisko Announces Q2 2024 GEO Deliveries, Record Cash Margin and Select Asset Updates
GlobeNewswire News Room· 2024-07-08 12:00
PRELIMINARY Q2 2024 RESULTS Osisko recorded preliminary revenues from royalties and streams of $64.8 million during the second quarter and preliminary cost of sales (excluding depletion) of $2.2 million, resulting in a record quarterly cash margin2 of approximately $62.6 million (or 97%). SELECT ASSET UPDATES Subsequently on July 4th, 2024, Victoria advised that it had received Notices of Default from its lenders under the Credit Agreement dated December 18, 2020. A default under the Eagle Royalty Agreement ...
GEO Group: Debt Refinancing Presents Value And Income Opportunity
seekingalpha.com· 2024-05-20 08:18
Darrin Klimek The GEO Group (NYSE:GEO) is a real estate company that focuses on partnering with governments to provide correctional and community re-entry facilities and services. The company eliminated its dividend and switched from a REIT to a C-Corp after a heavy debt load threatened profitability. After a debt exchange, the company began to bounce back and earlier this year, I wrote about GEO Group's debt yielding 10%. Now, the company is embarking on a broad refinancing, and I believe it's time to swit ...
EXCLUSIVE: Andrew Left Shorted GameStop — Here Are His 3 Long Stock Ideas - GEO Group (NYSE:GEO), Edgio (NASDAQ:EGIO)
benzinga.com· 2024-05-16 19:22
While Left has made money shorting stocks, he often looks for opportunities of stocks that can grow and increase in share price. Loading... What Happened: Left took a break from writing short reports after the GameStop short squeeze of 2021 that he lost money on. Loading... "The rewards aren't there anymore," Left told Benzinga in an interview. "There's so much against you." Best known as a short seller and the founder of Citron Research, Andrew Left went short on GameStop Corporation GME in 2021 and again ...
Geo Group Inc (The) (GEO) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-05-14 14:00
Shares of this private prison operator have returned -14% over the past month versus the Zacks S&P 500 composite's +2% change. The Zacks Business - Services industry, to which Geo Group belongs, has lost 3.1% over this period. Now the key question is: Where could the stock be headed in the near term? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors ...