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Stericycle (SRCL) to Post Q4 Earnings: What's in the Cards?
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Stericycle, Inc. (SRCL - Free Report) is slated to report fourth-quarter2018 results on Feb 28, after the bell. In the last reported quarter, the company delivered positive earnings surprise of 1.98%.
How Things are Shaping up for the Announcement?
The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $848.8 million, reflecting year-over-year decline of 4.4%. The fall is likely to be due to a decline 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 are expected to partially offset the downside.
Moreover, reduced profitability in Communication and Related Services is likely to hurt earnings. The Zacks Consensus Estimate for earnings is pegged at 95 cents, mirroring year-over-year decline of 5%.
What Our Model Says?
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 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 +3.04% and a Zacks Rank #3, which indicates earnings beat.
Other Stocks to Consider
Here are a few other stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these also have the right combination of elements to beat estimates.
Interpublic (IPG - Free Report) has an Earnings ESP of +27.27% and a Zacks Rank #3.
Republic Services (RSG - Free Report) has an Earnings ESP of +0.33% and a Zacks Rank #3.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
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Stericycle (SRCL) to Post Q4 Earnings: What's in the Cards?
Stericycle, Inc. (SRCL - Free Report) is slated to report fourth-quarter2018 results on Feb 28, after the bell. In the last reported quarter, the company delivered positive earnings surprise of 1.98%.
How Things are Shaping up for the Announcement?
The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $848.8 million, reflecting year-over-year decline of 4.4%. The fall is likely to be due to a decline 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 are expected to partially offset the downside.
Moreover, reduced profitability in Communication and Related Services is likely to hurt earnings. The Zacks Consensus Estimate for earnings is pegged at 95 cents, mirroring year-over-year decline of 5%.
What Our Model Says?
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 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 +3.04% and a Zacks Rank #3, which indicates earnings beat.
Other Stocks to Consider
Here are a few other stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these also have the right combination of elements to beat estimates.
Advanced Disposal Services has an Earnings ESP of +16.28% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Interpublic (IPG - Free Report) has an Earnings ESP of +27.27% and a Zacks Rank #3.
Republic Services (RSG - Free Report) has an Earnings ESP of +0.33% and a Zacks Rank #3.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>