Stericycle Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Stericycle, Inc. (NASDAQ:SRCL) will unveil its latest earnings on Wednesday, October 26, 2011. 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.

Stericycle, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 70 cents per share, a rise of 7.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 71 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 70 cents during the last month. For the year, analysts are projecting net income of $2.81 per share, a rise of 11.5% from last year.

Past Earnings Performance: Last quarter, the company saw profit of 69 cents per share versus a mean estimate of net income of 69 cents per share. This comes after two consecutive quarters of exceeding expectations.

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Wall St. Revenue Expectations: On average, analysts predict $405.3 million in revenue this quarter, a rise of 11.7% from the year ago quarter. Analysts are forecasting total revenue of $1.65 billion for the year, a rise of 14.6% from last year’s revenue of $1.44 billion.

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

A Look Back: In the second quarter, profit rose 4.6% to $55.5 million (63 cents a share) from $53.1 million (61 cents a share) the year earlier, meeting analyst expectations. Revenue rose 18% to $410.4 million from $347.7 million.

Key Stats:

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%, 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 seen net income rise in three straight quarters. Net income rose 15.7% in the first quarter and 12% in the fourth 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 July 27, 2011 to October 20, 2011, the stock price had fallen $7.01 (-7.8%) from $89.46 to $82.45. 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 July 21, 2011 and August 2, 2011 when shares fell for nine-straight days, falling 13.1% (-$12.16) over that span. Shares are up $1.53 (+1.9%) year to date.

(Source: Xignite Financials)

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