Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Stock Traders Daily
$20.00
Provider: New Constructs, LLC
$25.00
Provider: ValuEngine, Inc.
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

The GEO Group Inc Issues Q2 2013 Guidance; FFO Guidance Above Analysts' Estimates; Reaffirms FY 2013 FFO Guidance


Wednesday, 8 May 2013 07:30am EDT 

The GEO Group Inc announced that for second quarter of 2013, it expects AFFO to be in a range of $0.72 to $0.75 per diluted share, or $52-$54 million. On a GAAP basis, it expects second quarter 2013 income from continuing operations to be in a range of $0.38-$0.40 per diluted share, including a one-time $3-$4 million after-tax loss associated with the write-off of deferred financing fees in connection with GEO's recently completed amendment to its senior credit facility. GEO expects second quarter 2013 revenues to be in a range of $380 million to $385 million. For fiscal 2013, it expects AFFO to be in a range of $2.78 to $2.92 per diluted share, or $200 million to $210 million. On a GAAP basis, GEO expects its income from continuing operations for fiscal 2013 to be in a range of $1.58 to $1.68 per diluted share, including $8 million, after-tax, in one-time expenses related to GEO's REIT conversion and the write-off of deferred financing fees in connection with GEO's recently completed amendment to its senior credit facility. GEO expects fiscal 2013 revenues to be in a range of $1.51 billion to $1.55 billion. Net Operating Income is expected to be in a range of $410 million to $420 million and adjusted EBITDA to be in a range of $320 million to $330 million. According to I/B/E/S Estimates, analysts were expecting the Company to report FFO of $0.66, EPS of $0.42 and revenue of $382 million for second quarter of 2013; AFFO of $2.86, revenue of $1.53 billion for fiscal 2013.