GEO Group (GEO): Valuation Analysis Following Profit Turnaround, Higher Guidance, and Major Share Buyback
If you have been following GEO Group lately, there is plenty to talk about. The company just reported a strong turnaround in its latest earnings, swinging from a loss last year to a solid profit and increased revenue. In addition, management updated full-year guidance to forecast much higher net income, largely due to a significant facility sale. The company also announced a $300 million share buyback program. These developments have put the company back in the spotlight and might have investors wondering whether this momentum will continue.
Examining the stock’s performance over the past year, GEO Group’s share price has climbed more than 62%, making it one of the stronger names in its sector. However, that headline gain does not…
