The stock of The GEO Group Inc (NYSE:GEO) is a huge mover today! The GEO Group Inc (NYSE:GEO) has declined 21.60% since March 15, 2016 and is downtrending. It has underperformed by 27.08% the S&P500.
The move comes after 8 months positive chart setup for the $1.72B company. It was reported on Oct, 18 by Barchart.com. We have $28.97 PT which if reached, will make NYSE:GEO worth $447.20M more.
Analysts await The GEO Group Inc (NYSE:GEO) to report earnings on November, 3. They expect $0.75 EPS, down 16.67% or $0.15 from last year’s $0.9 per share. GEO’s profit will be $56.11M for 7.66 P/E if the $0.75 EPS becomes a reality. After $0.91 actual EPS reported by The GEO Group Inc for the previous quarter, Wall Street now forecasts -17.58% negative EPS growth.
The GEO Group Inc (NYSE:GEO) Ratings Coverage
Out of 3 analysts covering The GEO Group (NYSE:GEO), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. The GEO Group has been the topic of 4 analyst reports since August 4, 2015 according to StockzIntelligence Inc. MLV maintained The GEO Group Inc (NYSE:GEO) rating on Tuesday, August 4. MLV has “Buy” rating and $43 price target. On Thursday, September 1 the stock rating was maintained by Suntrust Robinson with “Buy”. The stock of The GEO Group Inc (NYSE:GEO) has “Buy” rating given on Wednesday, August 24 by Canaccord Genuity. The stock of The GEO Group Inc (NYSE:GEO) has “Buy” rating given on Thursday, September 1 by SunTrust.
According to Zacks Investment Research, “The GEO Group, Inc. is an equity real estate investment trust. It specializes in the design, development, financing and operation of correctional, detention and community reentry facilities. It has operations in the United States, Australia, South Africa, and the United Kingdom. The GEO Group, Inc. is headquartered in Boca Raton, Florida.”
More news for The GEO Group Inc (NYSE:GEO) were recently published by: Fool.com, which released: “Why The GEO Group Inc. Stock Bounced Back Today” on August 19, 2016. Prnewswire.com‘s article titled: “Shareholder Class Action Filed Against The GEO Group, Inc. – GEO” and published on August 25, 2016 is yet another important article.
GEO Company Profile
The GEO Group, Inc., incorporated on April 5, 1988, is a real estate investment trust (REIT). The Firm specializes in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community services and youth services in the United States, Australia, South Africa and the United Kingdom. The Firm operates in four divisions: U.S. Corrections & Detention segment; GEO Care segment; International Services segment and Facility Construction & Design segment. The Company’s U.S. Corrections & Detention segment primarily encompasses its United States privatized corrections and detention business. The Company’s GEO Community Services segment, which conducts its services in the United States, consists of its community services business, its youth services business and its electronic monitoring and supervision service. International Services segment primarily consists of its privatized corrections and detention activities in South Africa, Australia, and the United Kingdom. Facility Construction & Design segment primarily contracts with various states, local and federal agencies, as well as international agencies, for the design and construction of facilities.
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