Geo Group IncGEO
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Q2 earnings beat and raised 2026 guidance above consensus
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Geo Group IncGEO Group Q2 earnings beat estimates, raises 2026 guidance above consensus
Earnings
GEO Group reported second-quarter earnings that exceeded analyst estimates and raised its full-year 2026 guidance above consensus. Adjusted net income per diluted share came in at $0.37, up from $0.22 a year ago and above the Visible Alpha consensus of $0.32. Net income attributable to the company rose to $47.5 million from $29.11 million, beating the $39.0 million consensus. Revenue increased 15% year-over-year to $732.1 million, surpassing the average analyst estimate of $721.8 million. The company now expects 2026 attributable income between $168 million and $175 million, above the consensus of $162.98 million, and adjusted EBITDA between $550 million and $560 million, compared to the $541.5 million consensus. GEO also announced it will be reimbursed for capital expenditures to reactivate two facilities under new ICE contracts, with the 1,188-bed Big Horn Facility in Colorado and the 1,320-bed Rivers Facility in North Carolina expected to begin contributing to earnings in early 2027.
Geo Group IncQ2 earnings beat and raised 2026 guidance above consensus