Buy Or Sell Opportunity • May 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 81% to €20.30. The fair value is estimated to be €16.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 12% in a year. Earnings are forecast to decline by 36% in the next year. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Donna Kauranen was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 24
The GEO Group, Inc. to Report Q1, 2026 Results on May 06, 2026 The GEO Group, Inc. announced that they will report Q1, 2026 results Pre-Market on May 06, 2026 Announcement • Mar 20
The GEO Group, Inc., Annual General Meeting, Apr 28, 2026 The GEO Group, Inc., Annual General Meeting, Apr 28, 2026. Announcement • Jan 20
The GEO Group, Inc. to Report Q4, 2025 Results on Feb 12, 2026 The GEO Group, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 12, 2026 Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Donna Kauranen was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 11
GEO Group Inc Announces Retirement of Joe Negron as Senior Vice President, Legal Services, General Counsel, and Corporate Secretary Effective December 31, 2025 GEO Group Inc. announced that Joe Negron, the Senior Vice President, Legal Services, General Counsel, and Corporate Secretary, provided the company with notice of his decision to retire from his position effective December 31, 2025. Joe Negron has served as GEO's General Counsel and Corporate Secretary since 2019. Joe Negron will continue to serve as a consultant to the company following his retirement for a two-year period commencing January 1, 2026 in order to assist the company on various legal, regulatory and compliance matters. Announcement • Nov 06
the Geo Group, Inc. Updates Financial Guidance for the Fourth Quarter and Full Year 2025 The GEO Group, Inc. updated its financial guidance for the fourth quarter and full year 2025. For the fourth quarter, the company expects fourth quarter 2025 GAAP Net Income to be in a range of $0.23 to $0.27 per diluted share on quarterly revenues of $651 million to $676 million.
Taking into account updated fourth quarter 2025 guidance, the company expects full year 2025 GAAP Net Income to be in a range of $1.81 to $1.85 per diluted share. Net Income Attributable to GEO to be in the range of $254,000,000 to $259,000,000. Announcement • Oct 01
The GEO Group, Inc. to Report Q3, 2025 Results on Nov 06, 2025 The GEO Group, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 06, 2025 Recent Insider Transactions • Aug 22
Key Executive recently sold €1.4m worth of stock On the 20th of August, George Zoley sold around 75k shares on-market at roughly €18.31 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was George's only on-market trade for the last 12 months. Announcement • Jul 16
The GEO Group, Inc. to Report Q2, 2025 Results on Aug 06, 2025 The GEO Group, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025 Announcement • Jun 10
The GEO Group Provides Update on Recent Court Settlement Allowing for Immediate Full Intake at Company-Owned 1,940-Bed Adelanto ICE Processing Center in California The GEO Group, Inc. announced that the U.S. District Court, Central District of California (the “Court”) has approved a settlement in the case of Roman v. Wolf, which allows for immediate full intake at the GEO-owned, 1,940-bed Adelanto ICE Processing Center in California (the “Adelanto Center”). The Court had previously issued several injunction orders, including an intake prohibition order issued more than four years ago, limiting the use of the Adelanto Center based on then-prevailing COVID-19 conditions. At full occupancy, the Adelanto Center contract would be expected to generate up to approximately $31 million in additional incremental annualized revenues for GEO, with margins consistent with GEO’s company-owned Secure Services facilities. ICE and GEO entered into a 15-year contract on December 19, 2019, for the provision of secure residential housing and support services at the Adelanto Center, consisting of a five-year base period followed by two five-year option periods. The current contract option period is effective through December 19, 2029. Announcement • May 07
The Geo Group, Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2025 The GEO Group, Inc. provided earnings guidance for the second quarter and full year 2025. For the second quarter of 2025, the company expects Net Income Attributable to GEO to be in a range of $0.15 to $0.17 per diluted share, on quarterly revenues of $615 million to $625 million.
For the full year 2025, the company expects Net Income Attributable to GEO to be in a range of $0.77 to $0.89 per diluted share, on revenues of approximately $2.53 billion and based on an effective tax rate of approximately 27%, inclusive of known discrete items. Net Income Attributable to GEO is expected to be between $108 million to $125 million. Announcement • Apr 24
The GEO Group, Inc. to Report Q1, 2025 Results on May 07, 2025 The GEO Group, Inc. announced that they will report Q1, 2025 results Pre-Market on May 07, 2025 Announcement • Mar 21
The GEO Group, Inc., Annual General Meeting, Apr 29, 2025 The GEO Group, Inc., Annual General Meeting, Apr 29, 2025. Announcement • Feb 27
The GEO Group, Inc. Provides Earnings Guidance for the Full Year 2025 The GEO Group, Inc. provided earnings guidance for the full year 2025. For the full year 2025, the company expected net income attributable to GEO to be in a range of 74 cents to 88 cents per diluted share, on revenues of approximately $2.5 billion and based on an effective tax rate of approximately 28%, inclusive of known discrete items. Announcement • Jan 24
The GEO Group, Inc. to Report Q4, 2024 Results on Feb 27, 2025 The GEO Group, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 27, 2025 Announcement • Dec 04
The GEO Group, Inc. Announces Executive Changes The GEO Group, Inc. announced on November 26, 2024, Mr. James H. Black, Senior Vice President and President, Secure Services, of the company informed the company that he will be retiring from his executive officer role effective December 31, 2024 (the Effective Date). Following his retirement, Mr. Black will serve as a consultant to GEO under the terms of a Consultant Agreement, effective January 1, 2025 (the Consultant Agreement), entered into between GEO and Mr. Black on December 3, 2024. Mr. Black joined GEO in June of 1998 and during his tenure worked in all three regions within Secure Services and led Secure Services as its President for the past three and a half years. GEO thanks Mr. Black for his years of dedicated service and looks forward to his continued contributions to GEO. On December 2, 2024, Mr. Paul Laird was promoted to the role of Senior Vice President and President, Secure Services, effective as of January 1, 2025. Mr. Laird will work closely with Mr. Black in his consulting role to ensure a smooth transition. Mr. Laird originally joined GEO as a Director of Operations in the Eastern Region in August of 2015 and subsequently served as Regional Vice President for the Western Region and most recently as Regional Vice President for the Eastern Region. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.19 (vs US$0.17 in 3Q 2023) Third quarter 2024 results: EPS: US$0.19 (up from US$0.17 in 3Q 2023). Revenue: US$603.1m (flat on 3Q 2023). Net income: US$26.3m (up 29% from 3Q 2023). Profit margin: 4.4% (up from 3.4% in 3Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Announcement • Nov 07
The GEO Group, Inc. Updates Earnings Guidance for the Fourth Quarter and Full Year 2024 The GEO Group, Inc. updated earnings guidance for the fourth quarter and full year 2024. While participant counts under ISAP have been increasing subsequent to the end of the third quarter 2024 to approximately 182,500 currently, and while it is possible ISAP participant counts and utilization of ICE processing center beds may further increase this year, the company have updated fourth quarter 2024 guidance to be largely consistent with third quarter 2024 results. The company expects fourth quarter 2024 Net Income Attributable to GEO to be in a range of $0.19 to $0.22 per diluted share on quarterly revenues of $600 million to $610 million.
For the full year 2024, the company expects Net Income Attributable to GEO to be in a range of $0.30 to $0.34 per diluted share, which reflects costs associated with the extinguishment of debt of $87 million, pre-tax. Announcement • Oct 01
The GEO Group, Inc. to Report Q3, 2024 Results on Nov 07, 2024 The GEO Group, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 07, 2024 Recent Insider Transactions • Aug 15
Key Executive recently bought €2.8m worth of stock On the 13th of August, George Zoley bought around 250k shares on-market at roughly €11.21 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. George has been a buyer over the last 12 months, purchasing a net total of €3.4m worth in shares. Reported Earnings • Aug 08
Second quarter 2024 earnings released: US$0.25 loss per share (vs US$0.20 profit in 2Q 2023) Second quarter 2024 results: US$0.25 loss per share (down from US$0.20 profit in 2Q 2023). Revenue: US$607.2m (up 2.2% from 2Q 2023). Net loss: US$32.5m (down 232% from profit in 2Q 2023). Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Aug 07
the Geo Group, Inc. Provides Financial Guidance for Third Quarter, Fourth Quarter and Full Year 2024 The GEO Group, Inc. provided financial guidance for third quarter, fourth quarter and full year 2024. For the third quarter 2024, the company expects net income attributable to GEO to be in a range of $0.21 to $0.25 per diluted share. The company expects third quarter 2024 revenues to be in a range of $606 million to $616 million.
For the fourth quarter 2024, the company expects net income attributable to GEO to be in a range of $0.22 to $0.29 per diluted share. The company expects fourth quarter 2024 revenues to be in a range of $611 million to $621 million.
For the full year 2024, the company expects net income Attributable to GEO to be in a range of $0.40 to $0.51 per diluted share, on annual revenues of approximately $2.44 billion and reflecting an effective tax rate of approximately 24%, inclusive of known discrete items. The company's full-year 2024 guidance reflects the costs associated with the extinguishment of debt of $82.4 million, pre-tax, in connection with the refinancing of our debt. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €12.17, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Commercial Services industry in Germany. Total returns to shareholders of 90% over the past three years. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (3.5% net profit margin). Shareholders have been diluted in the past year (9.2% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €15.97, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Commercial Services industry in Germany. Total returns to shareholders of 184% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €25.32 per share. Announcement • Jul 10
The GEO Group, Inc. to Report Q2, 2024 Results on Aug 07, 2024 The GEO Group, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 07, 2024 Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €14.29, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total returns to shareholders of 147% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €28.55 per share. Announcement • May 08
The GEO Group, Inc. Provides Second Quarter and for the Full Year for 2024 The GEO Group, Inc. provided second quarter and for the full year for 2024. For the year, The company expects net income to be in a range of $55 million to $75 million on annual revenues of approximately $2.4 billion and reflecting an effective tax rate of approximately 20%, inclusive of known discrete items. For the quarter, The company expects a net Loss in a range of $27 million to $30 million and revenues to be in a range of $600 million to $610 million. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: US$0.18 (vs US$0.19 in 1Q 2023) First quarter 2024 results: EPS: US$0.18 (down from US$0.19 in 1Q 2023). Revenue: US$605.7m (flat on 1Q 2023). Net income: US$22.7m (down 2.4% from 1Q 2023). Profit margin: 3.7% (down from 3.8% in 1Q 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Announcement • Apr 23
The GEO Group, Inc. to Report Q1, 2024 Results on May 07, 2024 The GEO Group, Inc. announced that they will report Q1, 2024 results Pre-Market on May 07, 2024 Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €14.76, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Commercial Services industry in Germany. Total returns to shareholders of 218% over the past three years. Board Change • Mar 24
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Lindsay Koren was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 23
The GEO Group, Inc., Annual General Meeting, May 03, 2024 The GEO Group, Inc., Annual General Meeting, May 03, 2024, at 10:00 Eastern Daylight. Agenda: To elect eight (8) directors for the ensuing year; to ratify the appointment of Grant Thornton LLP as independent registered public accountants for the fiscal year 2024; to hold an advisory vote to approve named executive officer compensation; to approve the Second Amended and Restated 2018 Stock Incentive Plan; to approve the Amended and Restated Articles of Incorporation to increase the number of authorized shares of common stock from 187,500,000 to 225,000,000 shares; and to vote on the shareholder proposal set forth in the proxy statement, if properly presented before the meeting. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €13.38, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total returns to shareholders of 110% over the past three years. Recent Insider Transactions • Mar 15
Key Executive recently bought €573k worth of stock On the 14th of March, George Zoley bought around 50k shares on-market at roughly €11.46 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was George's only on-market trade for the last 12 months. New Risk • Mar 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (3.7% net profit margin). Shareholders have been diluted in the past year (5.9% increase in shares outstanding). New Risk • Mar 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.7% Last year net profit margin: 6.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (3.7% net profit margin). Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: US$0.94 (vs US$1.18 in FY 2022) Full year 2023 results: EPS: US$0.94 (down from US$1.18 in FY 2022). Revenue: US$2.41b (up 1.5% from FY 2022). Net income: US$114.0m (down 20% from FY 2022). Profit margin: 4.7% (down from 6.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Feb 15
The GEO Group, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2024 The GEO Group, Inc. provided earnings guidance for the first quarter and full year of 2024. For the quarter, the company expects net income to be in a range of $22 million to $24 million and quarterly revenues to be in a range of $600 million to $610 million. For the full year, the company expects net income to be in a range of $110 million to $125 million on annual revenues of approximately $2.4 billion and reflecting an effective tax rate of approximately 28%, exclusive of any discrete items. Announcement • Jan 26
The GEO Group, Inc. to Report Q4, 2023 Results on Feb 15, 2024 The GEO Group, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 15, 2024 Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €11.09, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Commercial Services industry in Germany. Total returns to shareholders of 64% over the past three years. Announcement • Dec 29
The GEO Group, Inc. has filed a Follow-on Equity Offering in the amount of $300 million. The GEO Group, Inc. has filed a Follow-on Equity Offering in the amount of $300 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: US$0.20 (vs US$0.26 in 3Q 2022) Third quarter 2023 results: EPS: US$0.20 (down from US$0.26 in 3Q 2022). Revenue: US$602.8m (down 2.3% from 3Q 2022). Net income: US$24.5m (down 23% from 3Q 2022). Profit margin: 4.1% (down from 5.2% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Nov 08
The GEO Group, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023 The GEO Group, Inc. provided earnings guidance for the fourth quarter and full year 2023. For the fourth quarter 2023, The company expects GAAP Net Income to be in a range of $19 million to $24 million and quarterly revenues to be in a range of $590 million to $600 million.For the full-year 2023, The company expects GAAP Net Income to be in a range of $100 million to $105 million on annual revenues of approximately $2.4 billion. New Risk • Nov 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risk Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Announcement • Oct 18
The GEO Group, Inc. to Report Q3, 2023 Results on Nov 07, 2023 The GEO Group, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 07, 2023 Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €8.12, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Commercial Services industry in Germany. Total loss to shareholders of 10% over the past three years. Announcement • Aug 10
The GEO Group, Inc. Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year of 2023 The GEO Group, Inc. provided earnings guidance for the third quarter, fourth quarter and full year of 2023. The company expects full-year GAAP Net Income to be between $95 million and $110 million, on annual revenues of approximately $2.4 billion. For the third quarter of 2023, The company expects Net Income to be between $19 million and $26 million on quarterly revenues of $588 million to $603 million. For the fourth quarter of 2023, the company expects Net Income to be between $19 million and $27 million on quarterly revenues of $595 million to $610 million. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.37 in 2Q 2022) Second quarter 2023 results: EPS: US$0.24 (down from US$0.37 in 2Q 2022). Revenue: US$593.9m (up 1.0% from 2Q 2022). Net income: US$29.6m (down 34% from 2Q 2022). Profit margin: 5.0% (down from 7.6% in 2Q 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year. Announcement • Jul 22
The GEO Group, Inc. to Report Q2, 2023 Results on Aug 09, 2023 The GEO Group, Inc. announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 09, 2023 Recent Insider Transactions • May 23
Insider recently sold €99k worth of stock On the 17th of May, James Black sold around 13k shares on-market at roughly €7.72 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €130k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €7.93, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Commercial Services industry in Germany. Total loss to shareholders of 9.6% over the past three years. Reported Earnings • Apr 27
First quarter 2023 earnings released: EPS: US$0.23 (vs US$0.26 in 1Q 2022) First quarter 2023 results: EPS: US$0.23 (down from US$0.26 in 1Q 2022). Revenue: US$608.2m (up 10% from 1Q 2022). Net income: US$28.0m (down 12% from 1Q 2022). Profit margin: 4.6% (down from 5.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year and the company’s share price has also fallen by 16% per year. Announcement • Feb 15
The GEO Group, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2023 The GEO Group, Inc. provided earnings guidance for the first quarter and full year 2023. For the quarter, the company expects Net Income Attributable to GEO to be between $26 million and $28 million on quarterly revenues of $605 million to $610 million.For the year, the company expects Net Income Attributable to GEO to be between $100 million and $127 million on annual revenues of between $2.37 billion and $2.47 billion. The company's GAAP Net Income guidance for 2023 reflects an expected increase in its net interest expense of approximately $67 million, due to rising interest rates and the debt restructuring transactions it completed in August of 2022. Reported Earnings • Feb 15
Full year 2022 earnings released: EPS: US$1.42 (vs US$0.58 in FY 2021) Full year 2022 results: EPS: US$1.42 (up from US$0.58 in FY 2021). Revenue: US$2.38b (up 5.3% from FY 2021). Net income: US$171.8m (up 144% from FY 2021). Profit margin: 7.2% (up from 3.1% in FY 2021). Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 17% per year. Announcement • Jan 24
The GEO Group, Inc. to Report Q4, 2022 Results on Feb 14, 2023 The GEO Group, Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 14, 2023 Announcement • Jan 07
The GEO Group, Inc. Announces Executive Changes On January 6, 2023, The GEO Group, Inc. announced that Ann Schlarb, GEO’s Senior Vice President and President of GEO Care, will be retiring from her executive officer role effective January 31, 2023 (the “Effective Date”). Following her retirement, Ms. Schlarb will serve as a consultant to GEO under the terms of a Consultant Agreement, effective February 1, 2023 (the “Consultant Agreement”), entered into between GEO and Ms. Schlarb on January 6, 2023, the terms of which are summarized below. Ms. Schlarb joined GEO in 2011 as Vice President of Intensive Supervision and Appearance Program (“ISAP”) Services as a result of GEO’s acquisition of B.I. Incorporated, (“B.I.”) and she originally joined B.I. in 1995. Ms. Schlarb was promoted to Senior Vice President and President of GEO Care in July 2014. GEO thanks Ms. Schlarb for her years of dedicated service and looks forward to her continued contributions to GEO. Mr. Wayne Calabrese, GEO’s Chief Operating Officer, will assume the executive officer duties and responsibilities of overseeing B.I. and GEO Care commencing on the Effective Date and will continue to work closely with Ms. Schlarb in her consulting role to ensure a smooth transition. Mr. Calabrese is a highly seasoned and tenured executive with over 20 years of experience in GEO’s business. Mr. Calabrese originally joined GEO as Vice President of Business Development in 1989 and served in a range of increasingly senior positions, retiring in December 2010 as Vice Chairman of the Board, President and Chief Operating Officer of the Company. Mr. Calabrese’s background, together with his extensive knowledge and prior experience in various GEO leadership positions, makes him uniquely qualified to serve as GEO’s Chief Operating Officer. Board Change • Jan 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Lindsay Koren was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 30
The GEO Group, Inc. Announces Board and Executive Changes On December 21, 2022, Wayne H. Calabrese was appointed Chief Operating Officer of The GEO Group, Inc. effective as of December 21, 2022. Mr. Calabrese, 72, prior to his appointment as Chief Operating Officer served as GEO’s Senior Vice President of Legal Services from September 2021 through December 20, 2022. Mr. Calabrese originally joined GEO as Vice President of Business Development in 1989 and served in a range of increasingly senior positions, retiring in December 2010 as Vice Chairman of the Board, President and Chief Operating Officer of the Company. Before joining GEO, Mr. Calabrese held various legal positions in Ohio for the City of Akron, Summit County, and the Akron Metropolitan Housing Authority, after which he was a partner in a small law firm in Akron, Ohio. He received his bachelor’s degree in Secondary Education from the University of Akron and his Juris Doctor from the University of Akron Law School. Mr. Calabrese brings extensive knowledge and experience to GEO’s management team. His legal training and experience, together with his prior service in various GEO leadership positions, makes him uniquely qualified to serve as GEO’s Chief Operating Officer. Also effective December 27, 2022, the Board appointed Ms. Lindsay Koren to serve as a director on the Board of GEO for a term expiring at the 2023 Annual Meeting, at which time her continued service on the Board will be subject to renomination and shareholder approval. The appointment of Ms. Koren was not pursuant to any arrangement or understanding between her and any other person. Ms. Koren is currently the Senior Vice President, Division General Counsel for Darden Restaurants, where she leads the Ethics & Compliance program, and has been with Darden Restaurants since 2015. Ms. Koren served as a Senior Director for international compliance and an Assistant General Counsel at Walmart from January 2011 until early 2015. At Walmart, Ms. Koren advised the business on legal and compliance matters for Walmart’s global business, operating in 26 countries. Ms. Koren also previously served as a trial attorney with the U.S. Department of Justice from 2004 to 2007, representing the government in appellate litigation matters, and as an attorney advisor to the Chief Immigration Judge. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$0.32 (vs US$0.24 in 3Q 2021) Third quarter 2022 results: EPS: US$0.32 (up from US$0.24 in 3Q 2021). Revenue: US$616.7m (up 11% from 3Q 2021). Net income: US$38.3m (up 33% from 3Q 2021). Profit margin: 6.2% (up from 5.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Oct 28
The GEO Group, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022 The GEO Group, Inc. provided earnings guidance for the fourth quarter and full year of 2022. The company expects its fourth quarter 2022 net income attributable to the company to be in a range of $30 million to $32 million on quarterly revenues of $600 million to $605 million.The company expects full year 2022 net income attributable to the company to be between $160 million and $162 million on annual revenues of approximately $2.36 billion. Net income attributable to the company per diluted share to be between $1.31 to $1.33. Announcement • Oct 14
The GEO Group, Inc. to Report Q3, 2022 Results on Oct 27, 2022 The GEO Group, Inc. announced that they will report Q3, 2022 results Pre-Market on Oct 27, 2022 Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 16% share price gain to €7.44, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Commercial Services industry in Germany. Total loss to shareholders of 43% over the past three years. Announcement • Aug 03
The GEO Group, Inc. Provides Earnings Guidance for the Third Quarter of 2022, the Fourth Quarter of 2022, and the Full Year of 2022 The GEO Group, Inc. provided earnings guidance for the third quarter of 2022, the fourth quarter of 2022, and the full year of 2022. For the third quarter of 2022, the company expects Net Income Attributable to GEO to be between $39 million and $42 million on quarterly revenues of $603 million to $608 million.For the fourth quarter of 2022, the company expects Net Income Attributable to GEO to be between $27 million and $32 million on quarterly revenues of $600 million to $605 million.The company expects full-year 2022 net income attributable to GEO to be between $158 million and $166 million on annual revenues of approximately $2.35 billion. Announcement • Jul 28
The GEO Group, Inc. to Report Q2, 2022 Results on Aug 02, 2022 The GEO Group, Inc. announced that they will report Q2, 2022 results at 9:30 AM, US Eastern Standard Time on Aug 02, 2022 Announcement • Jul 24
The GEO Group, Inc. Announces Executive Changes The GEO Group, Inc. announced that on July 18, 2022, David Venturella, Senior Vice President, Client Relations of The GEO Group, Inc. announced his intention to retire effective February 1, 2023. Mr. Venturella joined GEO in 2012 and has served the Company in a number of positions, including as Executive Vice President, Corporate Development, Senior Vice President, Business Development and most recently Senior Vice President, Client Relations. Mr. Matthew T. Albence, 52, will succeed Mr. Venturella as Senior Vice President, Client Relations. Mr. Albence’s employment with GEO will commence on September 1, 2022. Mr. Albence will be working with Mr. Venturella until Mr. Venturella’s retirement to ensure a smooth transition. Since September 2020, Mr. Albence has served as a Principal at GrindStone Strategic Consulting, LLC, a boutique consulting firm providing services in the area of national security, government contracts, corporate investigations, management consulting and leadership development. Prior to that, Mr. Albence had a 26-year career in federal law enforcement. From May 2012 to August 2020, Mr. Albence served in a variety of roles for U.S. Immigration and Customs Enforcement, including as Acting Director, as Deputy Director, as Executive Associate Director for Enforcement and Removal Operations, where he led an organization of more than 7,600 employees assigned to 24 field offices and 22 overseas locations, and as Assistant Director for the Enforcement and Removal Operations Enforcement Division. Mr. Albence holds a B.S. in Justice from American University and a M.S. in Administration of Justice from Southern Illinois University. Announcement • May 05
The GEO Group, Inc. Updates Financial Guidance for the Second Quarter and Full Year of 2022 The GEO Group, Inc. updated financial guidance for the second quarter and full year of 2022. The company expects full year Net Income Attributable to the company to between $145 million and $157 million on annual revenues of approximately $2.2 billion. For the second quarter of 2022, the company expects Net Income Attributable to GEO to be between $36 million and $39 million on quarterly revenues of $560 million to $565 million. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Andrew Shapiro was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improved over the past week After last week's 15% share price gain to €6.19, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Commercial Services industry in Europe. Total loss to shareholders of 54% over the past three years. Announcement • Apr 07
SOC Investment Group Files an Exempt Solicitation Statement to The GEO Group On April 6, 2022, SOC Investment Group filed an exempt solicitation statement soliciting proxies and urged the shareholders of The GEO Group, Inc. to vote against the say-on-pay proposal at the Company’s annual shareholders meeting scheduled to be held on April 26, 2022. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Andrew Shapiro was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Andrew Shapiro was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 19
The Geo Group, Inc. Appoints Andrew N. Shapiro to the Board, Member of the Audit and Finance Committee, the Corporate Planning Committee and the Independent Committee On February 14, 2022, the Board of Directors (the “Board”) of The GEO Group, Inc. (the “Company” or “GEO”), having received the recommendation of the Nominating and Corporate Governance Committee, approved the expansion of the size of the Board from ten to eleven members and appointed Andrew N. Shapiro to the Board effective February 14, 2022. Mr. Shapiro will serve as a director of GEO for a term expiring at the 2022 Annual Meeting of Shareholders, at which time his continued service on the Board of Directors will be subject to renomination and shareholder approval. The appointment of Mr. Shapiro was not pursuant to any arrangement or understanding between him and any other person. Mr. Shapiro has also been appointed as a member of the Audit and Finance Committee, the Corporate Planning Committee and the Independent Committee. Announcement • Feb 18
The GEO Group, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2022 The GEO Group, Inc. provided earnings guidance for the first quarter and full year 2022. For the first quarter, the company expects net income attributable to GEO to be between $0.21 and $0.23 per diluted share, on quarterly revenues of $550 million to $555 million. For the full year, the company expects net income attributable to GEO in range of $120,000,000 to $130,000,000 and net income attributable to GEO to be in a range of $0.99 to $1.07 per diluted share. Announcement • Feb 10
The GEO Group, Inc. to Report Q4, 2021 Results on Feb 17, 2022 The GEO Group, Inc. announced that they will report Q4, 2021 results Pre-Market on Feb 17, 2022 Announcement • Jan 29
the Geo Group, Inc. Announces Appointment of Thomas C. Bartzokis to Board, Member of the Corporate Planning Committee, the Independent Committee and the Criminal Justice Rehabilitation and Human Rights Committee The GEO Group, Inc. announced on January 21, 2022, the Board of Directors having received the recommendation of the Nominating and Corporate Governance Committee, approved the expansion of the size of the Board from nine to ten members and appointed Dr. Thomas C. Bartzokis to the Board effective January 21, 2022. Dr. Bartzokis will serve as a director of GEO for a term expiring at the 2022 Annual Meeting of Shareholders, at which time his continued service on the Board of Directors will be subject to renomination and shareholder approval. The appointment of Dr. Bartzokis was not pursuant to any arrangement or understanding between him and any other person. Dr. Bartzokis has also been appointed as a member of the Corporate Planning Committee, the Independent Committee and the Criminal Justice Rehabilitation and Human Rights Committee. Announcement • Aug 05
The GEO Group, Inc. Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year of 2021 The GEO Group, Inc. provided earnings guidance for the third quarter, fourth quarter and full year of 2021. For the third quarter, the company expects net income attributable to the company to be in a range of $39 million to $42 million on quarterly revenues of $548 million to $553 million.
For the fourth quarter, the company expects net income attributable to the company to be in a range of $36 million to $40 million on quarterly revenues of $538 million to $543 million.
For the full year, the company expects net income attributable to the company to be in a range of $167.5 million to $174.5 million on annual revenues of approximately $2.23 billion. 
