Could The GEO Group, Inc. (GEO) See a Reversal After Having Formed Several Months Bearish Double Bottom Pattern

April 20, 2018 - By Michael Collier

The GEO Group, Inc. (NYSE:GEO) Logo

The chart of The GEO Group, Inc. (GEO) shows a double bottom with $20.53 target or 7.00 % below today’s $22.08 share price. The 8 months chart pattern indicates high risk for the $2.69 billion company. It was reported on Apr, 20 by If the $20.53 price target is reached, the company will be worth $188.37 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.63% or $0.14 during the last trading session, reaching $22.08. About 520,885 shares traded. The GEO Group, Inc. (NYSE:GEO) has declined 34.79% since April 20, 2017 and is downtrending. It has underperformed by 46.34% the S&P500.

Analysts await The GEO Group, Inc. (NYSE:GEO) to report earnings on May, 1. They expect $0.43 EPS, down 15.69 % or $0.08 from last year’s $0.51 per share. GEO’s profit will be $52.41 million for 12.84 P/E if the $0.43 EPS becomes a reality. After $0.67 actual EPS reported by The GEO Group, Inc. for the previous quarter, Wall Street now forecasts -35.82 % negative EPS growth.

The GEO Group, Inc. (NYSE:GEO) Ratings Chart

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