GEO Group (NYSE: GEO) is expected to report Q1 earnings on May 8. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict GEO Group's revenues will wither -8.0% and EPS will expand 22.6%.

The average estimate for revenue is $379.4 million. On the bottom line, the average EPS estimate is $0.38.

Revenue details
Last quarter, GEO Group tallied revenue of $378.7 million. GAAP reported sales were 8.4% higher than the prior-year quarter's $234.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.44. GAAP EPS of $1.32 for Q4 were 340% higher than the prior-year quarter's $0.30 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 33.0%, 300 basis points worse than the prior-year quarter. Operating margin was 11.1%, 590 basis points worse than the prior-year quarter. Net margin was 32.1%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.53 billion. The average EPS estimate is $1.72.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on GEO Group is outperform, with an average price target of $34.25.

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