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Clean Harbors (CLH) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended September 2024, Clean Harbors (CLH - Free Report) reported revenue of $1.53 billion, up 12% over the same period last year. EPS came in at $2.12, compared to $1.68 in the year-ago quarter.
The reported revenue represents a surprise of +1.26% over the Zacks Consensus Estimate of $1.51 billion. With the consensus EPS estimate being $2.15, the EPS surprise was -1.40%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Clean Harbors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Direct Revenues- Environmental Services: $1.30 billion versus $1.27 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +13.2% change.
Direct Revenues- Safety-Kleen Sustainability Solutions: $232.14 million versus $234.19 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.9% change.
Direct Revenues- Corporate Items: $0.10 million versus $0.03 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -14.3% change.
Adjusted EBITDA- Safety-Kleen Sustainability Solutions: $41.23 million versus the four-analyst average estimate of $50.90 million.
Adjusted EBITDA- Corporate Items: -$71.91 million compared to the -$76.94 million average estimate based on four analysts.
Adjusted EBITDA- Environmental Services: $332.50 million versus $334.77 million estimated by four analysts on average.
Shares of Clean Harbors have returned +9.3% over the past month versus the Zacks S&P 500 composite's +1.8% 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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Clean Harbors (CLH) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2024, Clean Harbors (CLH - Free Report) reported revenue of $1.53 billion, up 12% over the same period last year. EPS came in at $2.12, compared to $1.68 in the year-ago quarter.
The reported revenue represents a surprise of +1.26% over the Zacks Consensus Estimate of $1.51 billion. With the consensus EPS estimate being $2.15, the EPS surprise was -1.40%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Clean Harbors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Direct Revenues- Environmental Services: $1.30 billion versus $1.27 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +13.2% change.
- Direct Revenues- Safety-Kleen Sustainability Solutions: $232.14 million versus $234.19 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.9% change.
- Direct Revenues- Corporate Items: $0.10 million versus $0.03 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -14.3% change.
- Adjusted EBITDA- Safety-Kleen Sustainability Solutions: $41.23 million versus the four-analyst average estimate of $50.90 million.
- Adjusted EBITDA- Corporate Items: -$71.91 million compared to the -$76.94 million average estimate based on four analysts.
- Adjusted EBITDA- Environmental Services: $332.50 million versus $334.77 million estimated by four analysts on average.
View all Key Company Metrics for Clean Harbors here>>>Shares of Clean Harbors have returned +9.3% over the past month versus the Zacks S&P 500 composite's +1.8% 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.