S&P 500 (NYSE:SPY) component Stericycle, Inc. (NASDAQ:SRCL) reported its results for the third quarter. Stericycle manages regulated waste and provides related services. It operates in the United States, Canada, Argentina, Chile, Mexico, Ireland, Portugal, Romania and the United Kingdom.
Stericycle Earnings Cheat Sheet for the Third Quarter
Results: Net income for Stericycle, Inc. rose to $59.2 million (68 cents per share) vs. $56.7 million (65 cents per share) in the same quarter a year earlier. This marks a rise of 4.5% from the year earlier quarter.
Revenue: Rose 16% to $420.9 million from the year earlier quarter.
Actual vs. Wall St. Expectations: SRCL reported adjusted net income of 71 cents per share. By that measure, the company beat the mean estimate of 70 cents per share. It beat the average revenue estimate of $405.3 million.
Key Stats:
The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 20%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 25.5% from the year earlier quarter.
The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 4.6% and in the first quarter, the figure rose 15.7%.
The company beat estimates last quarter after being in line with expectations in the second quarter with net income of 69 cents per share.
Looking Forward: Over the past ninety days, the average estimate for the fourth quarter has fallen from 75 cents per share to 74 cents, indicating that analysts are growing pessisimistic about the company’s performance next quarter. For the fiscal year, the average estimate has moved down from $2.82 a share to $2.81 over the last ninety days.
Competitors to Watch: W aste Management, Inc. (NYSE:WM), Republic Services, Inc. (NYSE:RSG), Sharps Compliance Corp. (NASDAQ:SMED), Environmental Waste Intl. Inc. (NYSE:EWS), The TEG Group PLC (NYSE:TEG).
No comments:
Post a Comment