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Waste Management Stocks' Q2 Earnings Due on Aug 2: CLH, ADSW
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The earnings season is well past the half-way stage with about 286 S&P 500 companies having already released their results till Jul 28. Reconfirming broad-based expectations of better-than expected results, total earnings of these 286 firms (accounting for 68.8% of the index’s total market capitalization) are up 11.3% year over year on 6.1% higher revenues, with 74.5% beating earnings estimates and 69.2% surpassing top-line expectations. Based on the hitherto observed pattern, second-quarter 2017 is anticipated to register high single-digit percentage earnings growth on a year-over-year basis.
Per the Earnings Preview, overall earnings for all the S&P 500 companies are expected to be up 9.2% on 5.0% growth in revenues. Although it represents a slightly tempered growth projection compared with the double-digit growth rate of the previous quarter, the dollar amount of the total earnings is on track to record an all-time high. The relative improvement in the quarterly performance is largely due to a turnaround in the economy, better job market scenario and rising oil prices. Experts widely believe that earnings growth is likely to be in double digits in 2018 and beyond.
For the second quarter as a whole, about four of the 16 Zacks sectors are expected to witness an earnings decline, with Conglomerates, Utilities and Retail/Wholesale being the biggest drag.
The Business Services sector appears reasonably healthy. For the sector, earnings are expected to improve 9.9% year over year while sales are touted to rise 4.7% due to higher disposable income and new business initiatives.
Let’s take a sneak peek at two Waste Management stocks, which are part of the Business Services sector, scheduled to report second-quarter earnings tomorrow to see how things are shaping up for the upcoming results.
Clean Harbors, Inc. (CLH - Free Report) is scheduled to report results before the opening bell. In the second quarter, the company’s earnings are expected to rise 80% year over year on 5.3% higher revenues. For the quarter, the company has an Earnings ESP of 0.00%, and Zacks Rank #3 (Hold), making an earnings prediction uncertain. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 for a likely earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
Advanced Disposal Services, Inc. is slated to report results after the closing bell. We remain inconclusive on an earnings beat this quarter as it has an ESP of -14.29% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Advanced Disposal Services Inc. Price and EPS Surprise
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Waste Management Stocks' Q2 Earnings Due on Aug 2: CLH, ADSW
The earnings season is well past the half-way stage with about 286 S&P 500 companies having already released their results till Jul 28. Reconfirming broad-based expectations of better-than expected results, total earnings of these 286 firms (accounting for 68.8% of the index’s total market capitalization) are up 11.3% year over year on 6.1% higher revenues, with 74.5% beating earnings estimates and 69.2% surpassing top-line expectations. Based on the hitherto observed pattern, second-quarter 2017 is anticipated to register high single-digit percentage earnings growth on a year-over-year basis.
Per the Earnings Preview, overall earnings for all the S&P 500 companies are expected to be up 9.2% on 5.0% growth in revenues. Although it represents a slightly tempered growth projection compared with the double-digit growth rate of the previous quarter, the dollar amount of the total earnings is on track to record an all-time high. The relative improvement in the quarterly performance is largely due to a turnaround in the economy, better job market scenario and rising oil prices. Experts widely believe that earnings growth is likely to be in double digits in 2018 and beyond.
For the second quarter as a whole, about four of the 16 Zacks sectors are expected to witness an earnings decline, with Conglomerates, Utilities and Retail/Wholesale being the biggest drag.
The Business Services sector appears reasonably healthy. For the sector, earnings are expected to improve 9.9% year over year while sales are touted to rise 4.7% due to higher disposable income and new business initiatives.
Let’s take a sneak peek at two Waste Management stocks, which are part of the Business Services sector, scheduled to report second-quarter earnings tomorrow to see how things are shaping up for the upcoming results.
Clean Harbors, Inc. (CLH - Free Report) is scheduled to report results before the opening bell. In the second quarter, the company’s earnings are expected to rise 80% year over year on 5.3% higher revenues. For the quarter, the company has an Earnings ESP of 0.00%, and Zacks Rank #3 (Hold), making an earnings prediction uncertain. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 for a likely earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
Clean Harbors, Inc. Price and EPS Surprise
Clean Harbors, Inc. Price and EPS Surprise | Clean Harbors, Inc. Quote
Advanced Disposal Services, Inc. is slated to report results after the closing bell. We remain inconclusive on an earnings beat this quarter as it has an ESP of -14.29% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Advanced Disposal Services Inc. Price and EPS Surprise
Advanced Disposal Services Inc. Price and EPS Surprise | Advanced Disposal Services Inc. Quote
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>