EPS Ahead of Forecast; GEO Raises 2021 EPS Guidance
Geo Group (NYSE: GEO) was featured in a company-sponsored research earnings release note published by Sidoti & Company LLC. The report reads, “We expect higher occupancy rates, in particular at the ICE centers, to be more than offset by reduced revenue from the Bureau of Prisons (‘BOP’) and U.S. Marshals Service (‘USMS’) following a change in federal policy by the Biden administration…we forecast a 3% EPS advance in 2021 followed by a 15% decline in 2022.”
To access the full report, visit https://ibn.fm/J6p8y
About Geo Group Inc.
The Geo Group is a real estate investment trust that specializes in the ownership, lease and management of correctional, detention and re-entry facilities. U.S. Corrections and Detention (67% of 2020 revenue) encompasses United States-based public-private partnership corrections and detention business. GEO Care (23%) consists of community-based services, youth services, and electronic monitoring and supervision services. International Services (9%) includes detention operations in South Africa, Australia and the United Kingdom. Facility Construction and Design (1%) contracts with states, local, federal and international agencies for the design and construction of facilities. Please visit www.GeoGroup.com.
About Sidoti & Company LLC
For over two decades, Sidoti has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America, including many leading managers of portfolios with $200 million to $2 billion of AUM. Sidoti promotes meaningful interaction between issuers and investors through its conferences (www.Sidoti.com/events) and the hundreds of non-deal roadshows hosted each year.
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com
InvestorWire is part of the InvestorBrandNetwork.
