Waste management company Republic Services (NYSE:RSG) will be reporting results this Thursday after the bell. Here’s what to look for.
Republic Services missed analysts’ revenue expectations last quarter, reporting revenues of $4.14 billion, up 2.2% year on year. It was a slower quarter for the company, with a miss of analysts’ revenue estimates and full-year revenue guidance slightly missing analysts’ expectations.
Is Republic Services a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Republic Services’s revenue to grow 2.2% year on year, slowing from the 3.8% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Republic Services’s peers in the waste management segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Waste Connections delivered year-on-year revenue growth of 6.4%, beating analysts’ expectations by 0.8%, and Casella Waste Systems reported revenues up 9.6%, topping estimates by 0.5%. Waste Connections traded up 7.9% following the results while Casella Waste Systems was also up 9.6%.
Read our full analysis of Waste Connections’s results here and Casella Waste Systems’s results here.
There has been positive sentiment among investors in the waste management segment, with share prices up 9.9% on average over the last month. Republic Services is down 7.6% during the same time and is heading into earnings with an average analyst price target of $245.38 (compared to the current share price of $204.08).
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a $437 billion giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.