11:07 AM EST, 11/07/2024 (MT Newswires) -- GEO Group ( GEO ) shares jumped nearly 12% in recent Thursday trading after the private prison company reported higher Q3 results.

The company reported Q3 adjusted earnings of $0.21 per diluted share, up from $0.19 a year earlier.

Four analysts polled by Capital IQ expected $0.24.

Revenue for the quarter ended Sept. 30 was $603.1 million, up from $602.8 million a year earlier.

Analysts surveyed by Capital IQ expected $612.6 million.

GEO said it expects Q4 EPS of $0.19 to $0.22, compared with its previous outlook of $0.22 to $0.29. Analysts polled by Capital IQ expect $0.27. The company expects revenue for the quarter to be $600 million to $610 million, compared with $611 million to $621 million previously. A lone analyst polled by Capital IQ expects $614.3 million.

GEO said it now expects full-year 2024 adjusted EPS of $0.80 to $0.84, compared with its prior outlook of $0.82 to $0.93. One analyst surveyed by Capital IQ expects $0.88. The company expects revenue for the year to be roughly $2.42 billion, compared with $2.44 billion expected previously. An analyst polled by Capital IQ expects $2.44 billion.

Price: 24.02, Change: +2.52, Percent Change: +11.72