We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What's in Store for Republic Services (RSG) in Q2 Earnings?
Read MoreHide Full Article
Republic Services, Inc. (RSG - Free Report) is scheduled to report second-quarter 2019 results on Jul 25, after market close.
So far this year, shares of Republic Services have gained 21.1% compared with 26.1% rise of the industry it belongs to and 17.1% rise of the Zacks S&P 500 composite.
Let's check out how things are shaping up for the announcement.
What to Expect This Time
Republic Services’ revenues are likely to be driven by strong pricing across the company’s collection, disposal and recycling processing businesses. The top line is also expected to benefit from the positive impact of internal growth and acquisitions.
The Zacks Consensus Estimate for second-quarter 2019 revenues stands at $2.63 billion, indicating growth of 4.3% from the year-ago reported figure. The consensus estimate indicates 2.71% and 1.19% positive impact of internal growth and acquisitions, respectively.
In first-quarter 2019, revenues of $2.53 billion improved 2.6% year over year.
The Zacks Consensus Estimate for earnings per share in the to-be-reported quarter is pegged at 78 cents, indicating growth of 6.9% from the year-ago reported figure. In first-quarter 2019, adjusted earnings of 73 cents were marginally lower than the year-ago quarter.
Our Model Doesn’t Suggest a Beat
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 if they have a negative Earnings ESP. 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 0.00% and a Zacks Rank #4.
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 second-quarter 2019 earnings:
IQVIA Holdings (IQV - Free Report) has an Earnings ESP of +1.12% and a Zacks Rank #3. The company is slated to release results on Jul 24.
Fiserv has an Earnings ESP of +0.79% and a Zacks Rank #3. The company is slated to report results on Jul 25.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
Image: Bigstock
What's in Store for Republic Services (RSG) in Q2 Earnings?
Republic Services, Inc. (RSG - Free Report) is scheduled to report second-quarter 2019 results on Jul 25, after market close.
So far this year, shares of Republic Services have gained 21.1% compared with 26.1% rise of the industry it belongs to and 17.1% rise of the Zacks S&P 500 composite.
Let's check out how things are shaping up for the announcement.
What to Expect This Time
Republic Services’ revenues are likely to be driven by strong pricing across the company’s collection, disposal and recycling processing businesses. The top line is also expected to benefit from the positive impact of internal growth and acquisitions.
The Zacks Consensus Estimate for second-quarter 2019 revenues stands at $2.63 billion, indicating growth of 4.3% from the year-ago reported figure. The consensus estimate indicates 2.71% and 1.19% positive impact of internal growth and acquisitions, respectively.
In first-quarter 2019, revenues of $2.53 billion improved 2.6% year over year.
Republic Services, Inc. Revenue (TTM)
Republic Services, Inc. revenue-ttm | Republic Services, Inc. Quote
The Zacks Consensus Estimate for earnings per share in the to-be-reported quarter is pegged at 78 cents, indicating growth of 6.9% from the year-ago reported figure. In first-quarter 2019, adjusted earnings of 73 cents were marginally lower than the year-ago quarter.
Our Model Doesn’t Suggest a Beat
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 if they have a negative Earnings ESP. 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 0.00% and a Zacks Rank #4.
Republic Services, Inc. Price and EPS Surprise
Republic Services, Inc. price-eps-surprise | Republic Services, Inc. Quote
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 second-quarter 2019 earnings:
S&P Global (SPGI - Free Report) has an Earnings ESP of +0.94% and a Zacks Rank #2. The company is slated to report results on Aug 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
IQVIA Holdings (IQV - Free Report) has an Earnings ESP of +1.12% and a Zacks Rank #3. The company is slated to release results on Jul 24.
Fiserv has an Earnings ESP of +0.79% and a Zacks Rank #3. The company is slated to report results on Jul 25.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>