GEO Group Q4 Profit Declines - Quick Facts

(RTTNews) - The GEO Group, Inc. (GEO) reported that its fourth-quarter net income attributable to company decreased to $27.61 million from $81.61 million, prior year. Earnings per share was $0.38, compared to $1.32, a year ago. Normalized funds from operations was $42.0 million, or $0.59 per share, an increase from $38.6 million, or $0.63 per share, a year ago. Adjusted funds from operations was $51.6 million, or $0.72 per share, for the quarter.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.39 for the quarter. Analytsts' estimates typically exclude special items.

Total revenues were $383.5 million, up from $378.7 million, a year ago. Analysts expected revenue of $380.64 million for the quarter.

GEO expects its full-year 2014 AFFO to be in a range of $2.96 to $3.04 per share. On a GAAP basis, GEO expects net income for the full year 2014 to be in a range of $1.78 to $1.86 per share. GEO expects full-year 2014 revenues to be in a range of $1.60 billion to $1.62 billion. Analysts expect the company to report full year 2014 profit per share of $1.76 on revenue of $1.59 billion.

For the first quarter 2014, GEO expects AFFO to be in a range of $0.63 to $0.65 per share. On a GAAP basis, GEO expects first quarter 2014 earnings per share to be in a range of $0.32 to $0.34 and first quarter 2014 revenues to be in a range of $387 million to $392 million. Analysts expect the company to report first-quarter profit per share of $0.38 on revenue of $387.21 million.