S&P 500 (NYSE:SPY) component Stericycle Inc. (NASDAQ:SRCL) reported its results for the second 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.
Investing Insights: Is TV the Next Bullish Catalyst for Apple’s Stock?
Stericycle Inc. Earnings Cheat Sheet
Results: Net income for Stericycle Inc. rose to $68.4 million (78 cents per share) vs. $55.5 million (63 cents per share) in the same quarter a year earlier. This marks a rise of 23.1% from the year-earlier quarter.
Revenue: Rose 14.3% to $468.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Stericycle Inc. fell short of the mean analyst estimate of 80 cents per share. Analysts were expecting revenue of $467.7 million.
The company has seen double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 15.5%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 18% from the year earlier quarter.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 16.5% and in the fourth quarter of the last fiscal year, the figure rose 28.6%.
After beating analyst estimates for the two previous quarters, the company fell short of forecasts. In the first quarter, it topped the mark by 2 cents, and in the fourth quarter of the last fiscal year, it was ahead by 2 cents.
Looking Forward: Expectations for the third quarter have not changed from 82 cents. The average estimate for the fiscal year is $3.26 per share, a rise from $3.23 ninety days ago.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Additional Hot Stories: