Republic Services Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Republic Services, Inc. (NYSE:RSG) will unveil its latest earnings on Thursday, October 27, 2011. Republic Services offers non-hazardous solid waste collection, transfer, recycling and disposal services in the United States.

Republic Services, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 50 cents per share, a rise of 11.1% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 11.2% versus last year to $1.88.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 49 cents per share versus a mean estimate of profit of 48 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $2.11 billion in revenue this quarter, a rise of 2.4% from the year ago quarter. Analysts are forecasting total revenue of $8.23 billion for the year, a rise of 1.5% from last year’s revenue of $8.11 billion.

Analyst Ratings: Analysts are bullish on this stock with six analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

A Look Back: In the second quarter, profit fell 70.9% to $46.5 million (12 cents a share) from $159.7 million (42 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 1% to $2.09 billion from $2.07 billion.

Key Stats:

The decrease in profit in the second quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose more than twofold in the first quarter, more than fourfold in the fourth quarter of the last fiscal year and 11.4% in the third quarter of the last fiscal year.

Revenue has gone up for three straight quarters. It rose 0.4% in the first quarter from the year earlier and 1.1% in the fourth quarter of the last fiscal year.

Competitors to Watch: Waste Management, Inc. (NYSE:WM), Waste Connections, Inc. (NYSE:WCN), WCA Waste Corporation (NASDAQ:WCAA), Casella Waste Systems Inc. (NASDAQ:CWST), Perma-Fix Environmental Services, Inc. (NASDAQ:PESI), Stericycle, Inc. (NASDAQ:SRCL), Industrial Services of America, Inc. (NASDAQ:IDSA), Clean Harbors, Inc. (NYSE:CLH), 3CI Complete Compliance Corp. (TCCC), and Media Pal Holdings, Corp. (MPHD).

Stock Price Performance: During September 23, 2011 to October 21, 2011, the stock price had risen $1.41 (5.1%) from $27.57 to $28.98. The stock price saw one of its best stretches over the last year between April 21, 2011 and May 3, 2011 when shares rose for eight-straight days, rising 7.6% (+$2.23) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 7.4% (-$2.32) over that span. Shares are down 26 cents (-0.9%) year to date.

(Source: Xignite Financials)

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