GEO (GEO) Stock

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its fourth quarter 2024 financial results on Thursday, February 27, 2025 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Thursday, February 27, 2025. Hosting the call for GEO will be George Zoley, Executive Chairman of the Board, J. David Donahue, Chief Executive Officer, Wayne Calabrese, President and Chief Operating Officer, and Mark Suchi.

While much has been said about big tech and big oil as sectors likely to see major benefits from the second Trump administration, the private prison industry – sometimes referred to as the prison-industrial complex – has been, in many ways, leading the stock market charge since November 2024.

Donald Trump's election as the 47th president of the United States had a significant impact on the stock market, as investors speculated on which companies would benefit or suffer under his leadership.

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) has made a statement regarding a ruling from the U.S. Court of Appeals for the Ninth Circuit concerning the Nwauzor v. The GEO Group case. The company is currently examining the decision made today in this case. GEO continues to assert that those involved in the federally required Voluntary Work Program (VWP) at the Tacoma ICE Facility are not considered employees of GEO.

The annual production of Gold Equivalent Ounces (GEO) reached 54,494, which is within the expected range of 50,000 to 60,000 GEO. In the fourth quarter, production was 10,431 GEO, affected by lower ore grades from remaining open pits.

In the third quarter of 2024, The GEO Group reported steady revenue growth, earning $603 million. While the operating margin fell to 18.91%, the net income margin rose to 4.31%. Investors should be aware that the company is prioritizing debt reduction over returning capital through share buybacks or dividends, and expanding capacity to meet demand could impact cash flow.

Donald Trump's win in the 2024 presidential elections led to a significant rise in private prison stocks. This situation brought attention back to an old bet made by Michael Burry, but sadly, he missed out on many profits because he sold too soon.

The GEO Group, Inc. (NYSE:GEO) will hold its Q3 2024 Earnings Conference Call on November 7, 2024, at 11:00 AM ET. Key company participants include Pablo Paez, George Zoley, Brian Evans, Wayne Calabrese, Mark Suchinski, and James Black. The call will be in listen-only mode for all participants.

Private prison companies GEO Group and CoreCivic are likely to gain significantly from Donald Trump's time in office.