Stericycle, Inc. (SRCL - Free Report) is slated to report first-quarter 2019 results on May 2, after the bell. In the last reported quarter, the company delivered positive earnings surprise of 7.3%.
Shares of the company have gained 58.6% year to date, significantly outperforming the 19.9% rally of the industry it belongs to.
How things are shaping up for the announcement
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $866 million, indicating a decline of 3.2% from the year-ago quarter reported figure. The decline is likely to be due to deterioration in small-quantity medical waste business combined with continued softness in Communication and Related Services, and divestitures. Strength in Secure Information Destruction and other core services is expected to partially offset the downside.
Moreover, weakness in Communication and Related Services and SQ (small quantity) pricing pressure are likely to hurt the bottom line. The Zacks Consensus Estimate for earnings is pegged at 87 cents, implying decline of 28% from the year-ago period reported figure.
What Our Model Says
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 when the company is seeing negative estimate revisions. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Stericycle has an Earnings ESP of -8.73% and a Zacks Rank #4.
Stocks That Warrant a Look
Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on earnings in first-quarter 2019:
WEX (WEX - Free Report) has an Earnings ESP of +1.78% and a Zacks Rank #2. The company is scheduled to report results on May 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
FLEETCOR Technologies has an Earnings ESP of +0.38% and a Zacks Rank #2. The company is scheduled to report results on May 7.
EVERTEC (EVTC - Free Report) has an Earnings ESP of +3.73% and a Zacks Rank #3. The company is slated to release results on May 1.
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Zacks Names "Single Best Pick to Double"
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Stericycle, Inc. (SRCL - Free Report) is slated to report first-quarter 2019 results on May 2, after the bell. In the last reported quarter, the company delivered positive earnings surprise of 7.3%.
Shares of the company have gained 58.6% year to date, significantly outperforming the 19.9% rally of the industry it belongs to.
How things are shaping up for the announcement
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $866 million, indicating a decline of 3.2% from the year-ago quarter reported figure. The decline is likely to be due to deterioration in small-quantity medical waste business combined with continued softness in Communication and Related Services, and divestitures. Strength in Secure Information Destruction and other core services is expected to partially offset the downside.
Moreover, weakness in Communication and Related Services and SQ (small quantity) pricing pressure are likely to hurt the bottom line. The Zacks Consensus Estimate for earnings is pegged at 87 cents, implying decline of 28% from the year-ago period reported figure.
What Our Model Says
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 when the company is seeing negative estimate revisions. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Stericycle has an Earnings ESP of -8.73% and a Zacks Rank #4.
Stocks That Warrant a Look
Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on earnings in first-quarter 2019:
WEX (WEX - Free Report) has an Earnings ESP of +1.78% and a Zacks Rank #2. The company is scheduled to report results on May 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
FLEETCOR Technologies has an Earnings ESP of +0.38% and a Zacks Rank #2. The company is scheduled to report results on May 7.
EVERTEC (EVTC - Free Report) has an Earnings ESP of +3.73% and a Zacks Rank #3. The company is slated to release results on May 1.
Is Your Investment Advisor Fumbling Your Financial Future?
See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”
Click to get it free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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