GEO Group Clocks 3.6% Revenue Decline In Q4

  • GEO Group Inc GEO reported a fourth-quarter revenue decline of 3.6% year-over-year to $557.54 million, missing the consensus of $558.09 million.
  • The operating income increased by 73.9% Y/Y to $76.02 million, and the margin expanded by 608 bps to 13.6%.
  • Adjusted EPS improved to $0.38 from $0.33 a year ago. AFFO per share was $0.65 compared to $0.62 a year ago.
  • Adjusted EBITDAre increased by 14.9% Y/Y to $124.1 million, and margin expanded by 360 bps to 22.3%.
  • At the end of 2021, the company held ~$506 million in cash on hand.
  • 1Q22 Outlook: GEO Group expects adjusted EPS of $0.21 - $0.23 and AFFO of $0.48 - $0.50 per share. It expects quarterly revenues of $550 million - $555 million.
  • FY22 Outlook: The company expects adjusted EPS of $0.99 - $1.07 and revenues of ~$2.17 billion. It expects AFFO to be $2.05 - $2.13 per share and Adjusted EBITDA of $422 million - $438 million.
  • Price Action: GEO shares are trading higher by 0.76% at $6.60 during the premarket session on Thursday.

Posted In: BriefsEarningsNewsGuidanceSmall Cap

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.