Earnings Preview: Republic Services EPS, Revenue Expected to Rise from Previous Quarter
Republic Services (NYSE: RSG) unveils its next round of earnings this Thursday, July 28, 2011. Here's Benzinga's advanced look at Republic Services' second quarter earnings report.
Earnings and Revenue:
Ahead of the company's earnings announcement, analysts are expecting a positive EPS reading of 48 cents per share and revenues of $2.1 billion. Wall Street will be looking to see how this quarter's numbers compare to the year-ago quarter's positive EPS of 42 cents per share on revenues of $2.07 billion. Can Republic Services manage the estimated 14.3% rise in EPS and 1.4% increase in revenues from the year-ago quarter as analysts are predicting? We'll have to wait until Thursday to find out.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 | Q4 | Q3 | Q2 |
| EPS Estimate | $0.41 | $0.41 | $0.46 | $0.42 |
| EPS Actual | $0.42 | $0.42 | $0.45 | $0.42 |
Stock Performance:
As of July 22, 2011, Republic Services' current share price was $30.27. Since January 1st, shares of Republic Services have given investors a return of 2.7%. For a full 12 months, the return has declined by 1.5%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
- Long-term shareholders are already wary of 12-month losses prior to the announcement
Average Stock Rating:
The average rating by analysts for Republic Services is a Moderate Buy. This rating has strengthened slightly over the past ninety days.
Competitors:
Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of Republic Services' peers.
- Casella Waste Systems (NASDAQ: CWST): Moderate Buy with a -$0.85 recent quarter EPS
- Stericycle (NASDAQ: SRCL): Moderate Buy with a $0.68 recent quarter EPS
- Waste Connections (NYSE: WCN): Strong Buy with a $0.39 recent quarter EPS
- Clean Harbors (CLH): Moderate Buy with a $0.86 recent quarter EPS
The waste removal services company's industry has seen price/earnings growth of 1.8% during the current fiscal year.
Finally, a description of the company's main areas of operation: Republic Services offers non-hazardous solid waste collection, transfer, recycling and disposal services in the U.S.
Take Action:
That's your advanced look at Republic Services' upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.
Posted-In: Earnings Long Ideas News Short Ideas Previews Trading Ideas
