Environmental and industrial services company Clean Harbors (NYSE: CLH) will be announcing earnings results this Wednesday before market hours. Here’s what to expect.
Clean Harbors missed analysts’ revenue expectations last quarter, reporting revenues of $1.46 billion, up 1.9% year on year. It was a satisfactory quarter for the company, with full-year EBITDA guidance slightly topping analysts’ expectations.
Is Clean Harbors a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Clean Harbors’s revenue to grow 5.5% year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Clean Harbors has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Clean Harbors’s peers in the environmental and facilities services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Waste Connections delivered year-on-year revenue growth of 6.4%, beating analysts’ expectations by 0.9%, and Rollins reported revenues up 7.9%, falling short of estimates by 1.3%. Waste Connections’s stock price was unchanged after the resultswhile Rollins was down 9.1%.
Read our full analysis of Waste Connections’s results here and Rollins’s results here.
Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the environmental and facilities services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. Clean Harbors’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $332.07 (compared to the current share price of $301.74).
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