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Clean Harbors (CLH) Q3 Earnings: Is a Beat in the Cards?
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Clean Harbors, Inc. (CLH - Free Report) is scheduled to report third-quarter 2018 earnings on Oct 31, before market opens.
Notably, shares of Clean Harbors have gained 18.4% in the past year, significantly outperforming the industry’s rise of 0.9%
Let’s see how things shape up for this announcement.
Top Line Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $852 million, indicating an improvement of 12.8% from the year-ago quarter’s figure.
The company’s Environmental Services are expected to be driven by strength in the Industrial Services lines of business in the United States and Canada, Veolia acquisition, higher volumes in the disposal network, pricing improvements, organic growth in base business as well as project work within Field Services business. Safety-Kleen revenues are likely to be driven by higher base oil and blended pricing and growth in the company’s branch network.
In second-quarter 2018, total revenues of $849.1 million increased 12.8% year over year. Veolia assets accounted for almost half of the company’s top-line growth in the quarter.
Earnings to Improve Year Over Year
The Zacks Consensus Estimate for third-quarter earnings per share (EPS) is pegged at 41 cents, indicating year-over-year growth of 95.2%. The expected improvement is likely to come on the back of pricing initiatives, improved mix of waste streams and effective spread management.
In second-quarter 2018, earnings of 54 cents exceeded the year-ago quarter’s figure of 24 cents.
Please note that according to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if the companies are witnessing negative estimate revisions. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are a few other stocks from the broader Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings in third-quarter 2018:
WEX Inc. (WEX - Free Report) has an Earnings ESP of +0.15% and a Zacks Rank #2. The company is slated to report quarterly results on Oct 31.
EVO Payments, Inc. has an Earnings ESP of +1.17% and a Zacks Rank #3. The company is slated to report quarterly numbers on Nov 7.
Genpact Limited (G - Free Report) has an Earnings ESP of +0.82% and a Zacks Rank #3. The company is scheduled to report quarterly numbers on Nov 6.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Clean Harbors (CLH) Q3 Earnings: Is a Beat in the Cards?
Clean Harbors, Inc. (CLH - Free Report) is scheduled to report third-quarter 2018 earnings on Oct 31, before market opens.
Notably, shares of Clean Harbors have gained 18.4% in the past year, significantly outperforming the industry’s rise of 0.9%
Let’s see how things shape up for this announcement.
Top Line Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $852 million, indicating an improvement of 12.8% from the year-ago quarter’s figure.
The company’s Environmental Services are expected to be driven by strength in the Industrial Services lines of business in the United States and Canada, Veolia acquisition, higher volumes in the disposal network, pricing improvements, organic growth in base business as well as project work within Field Services business. Safety-Kleen revenues are likely to be driven by higher base oil and blended pricing and growth in the company’s branch network.
In second-quarter 2018, total revenues of $849.1 million increased 12.8% year over year. Veolia assets accounted for almost half of the company’s top-line growth in the quarter.
Earnings to Improve Year Over Year
The Zacks Consensus Estimate for third-quarter earnings per share (EPS) is pegged at 41 cents, indicating year-over-year growth of 95.2%. The expected improvement is likely to come on the back of pricing initiatives, improved mix of waste streams and effective spread management.
In second-quarter 2018, earnings of 54 cents exceeded the year-ago quarter’s figure of 24 cents.
Clean Harbors, Inc. Price and EPS Surprise
Clean Harbors, Inc. Price and EPS Surprise | Clean Harbors, Inc. Quote
Our Model Suggests a Beat
Please note that according to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if the companies are witnessing negative estimate revisions. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Clean Harbors has a Zacks Rank #1 and an Earnings ESP of +1.22%, a combination that increases the odds of an earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks to Consider
Here are a few other stocks from the broader Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings in third-quarter 2018:
WEX Inc. (WEX - Free Report) has an Earnings ESP of +0.15% and a Zacks Rank #2. The company is slated to report quarterly results on Oct 31.
EVO Payments, Inc. has an Earnings ESP of +1.17% and a Zacks Rank #3. The company is slated to report quarterly numbers on Nov 7.
Genpact Limited (G - Free Report) has an Earnings ESP of +0.82% and a Zacks Rank #3. The company is scheduled to report quarterly numbers on Nov 6.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>