Stericycle Earnings: Here’s Why Shares are Up Now
Stericycle, Inc. (NASDAQ:SRCL) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.02%.
Stericycle, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 14.81% to $0.93 in the quarter versus EPS of $0.81 in the year-earlier quarter.
Revenue: Rose 12.27% to $526.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Stericycle, Inc. reported adjusted EPS income of $0.93 per share. By that measure, the company beat the mean analyst estimate of $0.91. It missed the average revenue estimate of $529.08 million.
Key Stats (on next page)…
Revenue increased 2.47% from $513.8 million in the previous quarter. EPS increased 5.68% from $0.88 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 $0.93 and has not changed. For the current year, the average estimate is a profit of $3.69, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)