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Republic Services (RSG) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2023, Republic Services (RSG - Free Report) reported revenue of $3.83 billion, up 6.3% over the same period last year. EPS came in at $1.54, compared to $1.34 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.79 billion, representing a surprise of +1.08%. The company delivered an EPS surprise of +9.22%, with the consensus EPS estimate being $1.41.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Republic Services performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average yield: 5.8% compared to the 5.8% average estimate based on three analysts.
Revenue- Environmental solutions: $424 million versus the two-analyst average estimate of $431.02 million.
Revenue- Collection- Total: $2.62 billion compared to the $2.56 billion average estimate based on two analysts.
Revenue- Collection- Other: $19 million compared to the $15.59 million average estimate based on two analysts.
Revenue- Collection- Residential: $718.20 million versus $706.61 million estimated by two analysts on average.
Revenue- Collection- Large-container: $753 million compared to the $748.97 million average estimate based on two analysts.
Revenue- Landfill: $743.20 million compared to the $740.94 million average estimate based on two analysts.
Revenue- Other- Recycling processing and commodity sales: $76.30 million compared to the $73.10 million average estimate based on two analysts.
Revenue- Other- Other non-core: $85.80 million versus $86.52 million estimated by two analysts on average.
Revenue- Collection- Small-container: $1.13 billion versus the two-analyst average estimate of $1.09 billion.
Revenue- Transfer: $444.30 million versus the two-analyst average estimate of $434.77 million.
Shares of Republic Services have returned +2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Republic Services (RSG) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Republic Services (RSG - Free Report) reported revenue of $3.83 billion, up 6.3% over the same period last year. EPS came in at $1.54, compared to $1.34 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.79 billion, representing a surprise of +1.08%. The company delivered an EPS surprise of +9.22%, with the consensus EPS estimate being $1.41.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Republic Services performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average yield: 5.8% compared to the 5.8% average estimate based on three analysts.
- Revenue- Environmental solutions: $424 million versus the two-analyst average estimate of $431.02 million.
- Revenue- Collection- Total: $2.62 billion compared to the $2.56 billion average estimate based on two analysts.
- Revenue- Collection- Other: $19 million compared to the $15.59 million average estimate based on two analysts.
- Revenue- Collection- Residential: $718.20 million versus $706.61 million estimated by two analysts on average.
- Revenue- Collection- Large-container: $753 million compared to the $748.97 million average estimate based on two analysts.
- Revenue- Landfill: $743.20 million compared to the $740.94 million average estimate based on two analysts.
- Revenue- Other- Recycling processing and commodity sales: $76.30 million compared to the $73.10 million average estimate based on two analysts.
- Revenue- Other- Other non-core: $85.80 million versus $86.52 million estimated by two analysts on average.
- Revenue- Collection- Small-container: $1.13 billion versus the two-analyst average estimate of $1.09 billion.
- Revenue- Transfer: $444.30 million versus the two-analyst average estimate of $434.77 million.
View all Key Company Metrics for Republic Services here>>>Shares of Republic Services have returned +2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.