Republic Services Earnings: Here’s Why the Stock is Down Now
Republic Services, Inc. (NYSE:RSG) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.7%.
Republic Services, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 27.12% to $0.43 in the quarter versus EPS of $0.59 in the year-earlier quarter.
Revenue: Rose 2.49% to $2.11 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Republic Services, Inc. reported adjusted EPS income of $0.43 per share. By that measure, the company missed the mean analyst estimate of $0.50. It beat the average revenue estimate of $2.09 billion.
Quoting Management: Donald W. Slager, president and chief executive officer, said, “Excluding accounting charges, the business performed well in the second quarter and in-line with our expectations. We remain encouraged by our improving average yield and volume performance, which we believe results from a strengthening economy.”
Key Stats (on next page)…
Revenue increased 5.67% from $2 billion in the previous quarter. EPS decreased 6.52% from $0.46 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.51 and has not changed. For the current year, the average estimate has moved up from a profit of $1.90 to a profit of $1.92 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)