NYSE$GEO

GEO Group Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

The GEO Group, Inc. announced its financial results for the quarter ended June 30, 2023.

The GEO Group, Inc. released its earnings report on August 9, 2023, announcing the financial results for the quarter ended June 30, 2023. The report also included updates to the financial guidance for the full year 2023 and the issuance of financial guidance for the third and fourth quarters of 2023.

  • The GEO Group, Inc. issued a press release announcing its financial results.
  • Financial results are for the quarter and six months ended June 30, 2023.
  • The company updated its financial guidance for full year 2023.
  • The company issued its financial guidance for the third and fourth quarters of 2023.

Headline financials

Total Revenue

$594M

Previous: $588M+1.0%
EPS (adj)

$0.20

Previous: $0.69-71.0%
Capital Expenditures

-$31.6M

Previous: -$36.1M+12.3%
Free Cash Flow

-$2.04M

Previous: $17.7M-111.6%
Net Income

$29.6M

Previous: $53.7M-45.0%
Operating Income

$92.4M

Previous: $95.1M-2.8%
Gross Profit

$166M

Previous: $176M-6.0%
Cash & Equivalents

$48.7M

Previous: $588M-91.7%
Total Assets

$3.67B

Previous: $4.56B-19.4%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

GEO · Revenue · Quarterly

$594M

Q2 2023+1%vs Q2 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

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 Q2 2023

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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