The GEO Group, Inc. GEO was a big mover last session, as the company saw its shares climb over 5% on the day. The upside came after a criminal justice overhaul bill, which would have reduced federal mandatory minimum sentences, was effectively dead in the U.S. Senate. The news led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up 17.7% since Sep 1.
The company has not seen any estimate revision in the past one month and its Zacks Consensus Estimate has also remained unchanged. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
The GEO Group currently carries a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the miscellaneous real estate industry is InfraREIT, Inc. HIFR sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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