Republic Services, Inc. ( RSG Quick Quote RSG - Free Report) is scheduled to report third-quarter 2020 results on Nov 5, after market close.
Let’s check out how things have shaped up for the announcement.
Unfavorable impact of internal growth, volume declines and temporary suspension or reduction of customers’ service levels are likely to have weighed on Republic Services' third-quarter 2020 revenues, the Zacks Consensus Estimate for which stands at $2.58 billion, indicating a decline of 2.4% from the year-ago quarter’s reported figure. The expected decline is likely to get partially offset by the positive impact of acquisitions and average yield.
Going by lines of business, the consensus estimate for
Collection revenues is pegged at $1.91 billion, indicating year-over-year decline of 3.2%. The consensus mark for Transfer revenues is pegged at $147 million, indicating a year-over-year decline of 5.2%.
The consensus estimate for
Landfill revenues is pegged at $323 million, indicating a decline of 5% from the year-ago quarter’s reported figure. Deferral of jobs might have weighed on landfill revenues.
The consensus mark for
Environmental revenues is pegged at $29.47 million, indicating a massive year-over-year decline of 49.2%. Decrease in drilling activity and delay of in-plant project work might have weighed on environmental services’ top-line growth.
The Zacks Consensus Estimate for earnings is pegged at 83 cents per share, indicating a decline of 8.8% from the year-ago quarter’s reported figure.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Republic Services this time around. The combination of a positive
Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Republic Services has an Earnings ESP of -0.54% and a Zacks Rank #3.
Stocks to Consider
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 third-quarter 2020 earnings. Envestnet ( ENV Quick Quote ENV - Free Report) has an Earnings ESP of +2.35% and a Zacks Rank #2. You can see . the complete list of today’s Zacks #1 Rank stocks here Verisk ( VRSK Quick Quote VRSK - Free Report) has an Earnings ESP of +4.56% and a Zacks Rank #3. Clean Harbors ( CLH Quick Quote CLH - Free Report) has an Earnings ESP of +23.19% and a Zacks Rank #3. Legal Marijuana: An Investor’s Dream
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