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Geo Group (GEO) Stock Moves -1.3%: What You Should Know
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Geo Group (GEO - Free Report) closed at $8.32 in the latest trading session, marking a -1.3% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.8%. Elsewhere, the Dow lost 2.11%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the private prison operator had gained 1.69% over the past month, outpacing the Finance sector's loss of 4.31% and the S&P 500's loss of 4.08% in that time.
Investors will be hoping for strength from Geo Group as it approaches its next earnings release. In that report, analysts expect Geo Group to post earnings of $0.56 per share. This would mark a year-over-year decline of 13.85%. Meanwhile, our latest consensus estimate is calling for revenue of $605.85 million, up 8.72% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.44 per share and revenue of $2.35 billion. These totals would mark changes of -1.61% and +4.1%, respectively, from last year.
Any recent changes to analyst estimates for Geo Group should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Geo Group is currently a Zacks Rank #3 (Hold).
Digging into valuation, Geo Group currently has a Forward P/E ratio of 3.46. This valuation marks a discount compared to its industry's average Forward P/E of 11.7.
It is also worth noting that GEO currently has a PEG ratio of 0.35. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. REIT and Equity Trust - Other stocks are, on average, holding a PEG ratio of 1.78 based on yesterday's closing prices.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 84, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Geo Group (GEO) Stock Moves -1.3%: What You Should Know
Geo Group (GEO - Free Report) closed at $8.32 in the latest trading session, marking a -1.3% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.8%. Elsewhere, the Dow lost 2.11%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the private prison operator had gained 1.69% over the past month, outpacing the Finance sector's loss of 4.31% and the S&P 500's loss of 4.08% in that time.
Investors will be hoping for strength from Geo Group as it approaches its next earnings release. In that report, analysts expect Geo Group to post earnings of $0.56 per share. This would mark a year-over-year decline of 13.85%. Meanwhile, our latest consensus estimate is calling for revenue of $605.85 million, up 8.72% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.44 per share and revenue of $2.35 billion. These totals would mark changes of -1.61% and +4.1%, respectively, from last year.
Any recent changes to analyst estimates for Geo Group should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Geo Group is currently a Zacks Rank #3 (Hold).
Digging into valuation, Geo Group currently has a Forward P/E ratio of 3.46. This valuation marks a discount compared to its industry's average Forward P/E of 11.7.
It is also worth noting that GEO currently has a PEG ratio of 0.35. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. REIT and Equity Trust - Other stocks are, on average, holding a PEG ratio of 1.78 based on yesterday's closing prices.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 84, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.