NYSE$GEO
GEO Group Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported financial results for the first quarter of 2023.
The GEO Group reported a strong first quarter in 2023, with total revenues of $608.2 million and a net income of $28.0 million. The company reduced its net debt by approximately $70 million and is optimistic about unlocking equity value for shareholders through debt reduction strategies.
- Total revenues reached $608.2 million.
- Net income was reported at $28.0 million.
- Adjusted EBITDA amounted to $130.9 million.
- Net debt was reduced by approximately $70 million.
Headline financials
Revenue & EPS history
GEO · Revenue · Quarterly
$608M
Forward guidance
The company updated its financial guidance for 2023, expecting full year net income to be between $105 million and $125 million on annual revenues of between $2.38 billion and $2.46 billion. For the second quarter of 2023, the company expects net income to be between $24 million and $26 million on quarterly revenues of $585 million to $590 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.4%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+2.9%
Avg return
30 days after
60%
39 / 65 earnings
Positive
+21.2%
Q3 2016
Best reaction
-14.9%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +20.5% | +16.7% | +37.7% | |
| Q4 2025 | -14.9% | -7.9% | -8.1% | |
| Q3 2025 | -8.3% | -11.7% | +1.8% | |
| Q1 2025 | -9.9% | -13.9% | -11.3% | |
| Q4 2024 | +6.1% | +0.5% | +13.7% | |
| Q3 2024 | +0.9% | +5.5% | +25.2% | |
| Q2 2024 | -2.9% | -1.1% | +2.3% | |
| Q1 2024 | +1.0% | +7.2% | +5.2% | |
| Q4 2023 | -0.6% | -1.5% | +7.1% | |
| Q3 2023 | +5.1% | +2.4% | +7.0% | |
| Q2 2023 | +1.9% | +1.0% | -3.0% | |
| Q1 2023 | -6.2% | -3.0% | -1.2% | |
| Q4 2022 | -4.7% | -1.0% | -14.6% | |
| Q3 2022 | -10.9% | -9.7% | +21.7% | |
| Q2 2022 | +8.4% | +4.7% | +29.8% | |
| Q1 2022 | +10.6% | +9.6% | +5.7% | |
| Q4 2021 | -4.2% | -4.8% | -4.0% | |
| Q3 2021 | +4.7% | +2.4% | -17.2% | |
| Q2 2021 | +10.9% | +11.6% | +15.1% | |
| Q1 2021 | +7.3% | +8.0% | +53.3% | |
| Q4 2020 | -2.9% | -17.4% | -9.8% | |
| Q3 2020 | +9.2% | +20.3% | +19.7% | |
| Q2 2020 | -6.7% | -3.1% | -3.7% | |
| Q1 2020 | -11.7% | -13.1% | -10.1% | |
| Q4 2019 | +1.0% | +5.6% | -27.0% | |
| Q3 2019 | +0.9% | -2.1% | -10.3% | |
| Q2 2019 | -0.3% | +1.2% | -2.1% | |
| Q1 2019 | -2.5% | -0.3% | +5.3% | |
| Q4 2018 | -1.4% | -3.2% | -21.8% | |
| Q3 2018 | -0.2% | +1.5% | +4.7% | |
| Q2 2018 | +1.9% | +0.4% | +1.2% | |
| Q1 2018 | +3.9% | +9.3% | +10.5% | |
| Q4 2017 | -2.8% | +0.0% | -7.1% | |
| Q3 2017 | +2.1% | +5.8% | +0.7% | |
| Q2 2017 | -3.7% | -4.3% | -2.6% | |
| Q1 2017 | +0.9% | -0.1% | -2.4% | |
| Q4 2016 | -2.7% | -3.7% | -5.5% | |
| Q3 2016 | +21.2% | +28.0% | +42.3% | |
| Q2 2016 | +2.3% | +1.4% | -34.4% | |
| Q1 2016 | +1.6% | — | — | |
| Q4 2015 | +2.2% | — | — | |
| Q3 2015 | -9.3% | — | — | |
| Q2 2015 | +0.8% | — | — | |
| Q1 2015 | +1.3% | — | — | |
| Q4 2014 | +1.6% | — | — | |
| Q3 2014 | -3.0% | — | — | |
| Q2 2014 | +1.9% | — | — | |
| Q1 2014 | +0.7% | — | — | |
| Q4 2013 | +1.9% | — | — | |
| Q3 2013 | +0.6% | — | — | |
| Q2 2013 | +1.5% | — | — | |
| Q1 2013 | -0.7% | — | — | |
| Q4 2012 | +0.4% | — | — | |
| Q3 2012 | +0.9% | — | — | |
| Q2 2012 | +2.8% | — | — | |
| Q1 2012 | +0.4% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q3 2011 | -2.6% | — | — | |
| Q2 2011 | +1.5% | — | — | |
| Q1 2011 | +1.3% | — | — | |
| Q4 2010 | +1.1% | — | — | |
| Q3 2010 | -2.0% | — | — | |
| Q2 2010 | -2.2% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q4 2009 | +1.9% | — | — |
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