The election of Donald Trump as the 47th president of the United States created reverberations throughout the stock market as investors bet on which companies would win and lose during his administration.
Annual Gold Equivalent Ounce ("GEO") Production of 54,494 GEO; in line with Guidance of 50,000 - 60,000 GEO. Q4 Production of 10,431 GEO impacted by lower than planned ore grades from residual open pits.
In Q3 2024, The GEO Group posted flat revenue growth and generated $603 million in revenues. Margins showed varied trends, with operating margin deteriorating to 18.91% but net income margin improving to 4.31%. GEO may be in a position to support a possible increase in demand coming from any changes in immigration policy. Investors should not expect capital returns from share repurchases or dividends, as the company remains focus on deleveraging. Additionally, capacity expansion to meet demand may also affect cash liquidity.
Donald Trump's victory in the 2024 presidential election has sparked a remarkable rally in private prison stocks, and one particular name—Geo Group (NYSE: GEO)—has been thrust back into the spotlight.
As Donald Trump's victory in the 2024 presidential elections ignited an impressive rally for private prison stocks, an old Michael Burry bet once again came into focus, although, unfortunately, due to all the gains he missed by selling early.
The GEO Group, Inc. (NYSE:GEO ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Pablo Paez – Executive Vice President-Corporate Relations George Zoley – Executive Chairman Brian Evans – Chief Executive Officer Wayne Calabrese – President and Chief Operating Officer Mark Suchinski – Chief Financial Officer James Black – President-GEO Secure Services Conference Call Participants Brian Violino – Wedbush Joe Gomes – Noble Capital Brendan McCarthy – Sidoti Jason Weaver – JonesTrading Greg Gibas – Northland Securities Kirk Ludtke – Imperial Capital Operator Good day, and welcome to The GEO Group Third Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
Private prison operators GEO Group (NYSE:GEO) and CoreCivic (NYSE:CXW) look poised to be one of the biggest beneficiaries of Donald Trump's presidency.
Geo Group (GEO) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.19 per share a year ago.
Q3 Production of 16,604 Gold Equivalent Ounces ("GEO") vs 16,255 GEO in Q2 and 11,204 in Q1, 2024. Calandrias Norte high-grade ore supplemented by additional pits extending CIL operation into 2025.
Over the past 15 years, investors have largely been rewarded by picking companies with the highest and most sustainable growth rates, and buying any dip that came along.
Recent headlines have highlighted the shift many investors are making from large-cap to small cap stocks.
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.