S&P 500 (NYSE:SPY) component Stericycle, Inc. (NASDAQ:SRCL) will unveil its latest earnings on Wednesday, July 27, 2011. Stericycle, Inc. manages regulated waste and provides related services. It operates in the United States, Canada, Argentina, Chile, Mexico, Ireland, Portugal, Romania, and the United Kingdom.
Stericycle, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 69 cents per share, a rise of 11.3% 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 moved down, but has risen from 68 cents during the last month. For the year, analysts are projecting net income of $2.82 per share, a rise of 11.9% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 3 cents, reporting profit of 68 cents per share against a mean estimate of net income of 65 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $396.8 million in revenue this quarter, a rise of 14.1% from the year ago quarter. Analysts are forecasting total revenue of $1.62 billion for the year, a rise of 12.5% from last year’s revenue of $1.44 billion.
Analyst Ratings: Analysts are bullish on Stericycle as five analysts rate it as a buy, none rate it as a sell and five rate it as a hold.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 21.6%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 25.5% from the year earlier quarter.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 15.7% while it rose 12% in the fourth quarter of the last fiscal year and 21.8% in the third quarter of the last fiscal year.
Competitors to Watch: Waste Management, Inc. (NYSE:WM), Republic Services, Inc. (NYSE:RSG), Sharps Compliance Corp. (NASDAQ:SMED), Environmental Waste Intl. Inc. (NYSE:EWS), The TEG Group PLC (NYSE:TEG).
Stock Price Performance: During May 24, 2011 to July 21, 2011, the stock price had risen $4.80 (5.5%) from $87.80 to $92.60. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine-straight days, rising 8.6% (+$7.39) over that span. It saw one of its worst periods between August 18, 2010 and August 26, 2010 when shares fell for seven-straight days, falling 3.7% (-$2.48) over that span. Shares are up $11.68 (+14.4%) year to date.
(Source: Xignite Financials)