NYSE$GEO

GEO Group Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

The GEO Group reported financial results for Q3 2021.

The GEO Group reported Q3 2021 total revenues of $557.3 million and net income attributable to GEO of $34.7 million. The company made significant progress towards reducing debt, decreasing net recourse debt by approximately $175 million in the first nine months of 2021.

  • Total revenues for Q3 2021 were $557.3 million.
  • Net Income Attributable to GEO for Q3 2021 was $34.7 million.
  • Adjusted Net Income for Q3 2021 was $44.0 million.
  • Normalized Funds From Operations (FFO) for Q3 2021 was $0.52 per diluted share.

Headline financials

Total Revenue

$557M

Previous: $579M-3.8%
EPS (adj)

$0.65

Previous: $0.67-3.0%
Adjusted EBITDA

$116M

No prior period
Capital Expenditures

-$57.4M

Previous: -$83.8M+31.5%
Free Cash Flow

-$22.7M

Previous: -$44.6M+49.2%
Net Income

$34.7M

Previous: $39.2M-11.5%
Operating Income

$74M

Previous: $64.5M+14.8%
Gross Profit

$157M

Previous: $145M+8.7%
Cash & Equivalents

$537M

Previous: $53.7M+900.6%
Total Assets

$4.59B

Previous: $4.25B+8.0%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

GEO · Revenue · Quarterly

$557M

Q3 2021-3.8%vs Q3 2020
Beat estimate in 8 of 12 quarters(67%)
ActualEstimate

Forward guidance

The company updated its 2021 financial guidance for the fourth quarter and full year 2021.

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 Q3 2021

Historical avgQ3 2021

+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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