The 10-second takeaway
For the quarter ended June 30 (Q2), Clean Harbors missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share shrank significantly.
Margins contracted across the board.
Clean Harbors booked revenue of $523.1 million. The 12 analysts polled by S&P Capital IQ hoped for net sales of $550.0 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $447.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.44. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.56 per share. GAAP EPS of $0.44 for Q2 were 20% lower than the prior-year quarter's $0.55 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.7%, 150 basis points worse than the prior-year quarter. Operating margin was 9.1%, 270 basis points worse than the prior-year quarter. Net margin was 4.5%, 200 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $566.4 million. On the bottom line, the average EPS estimate is $0.68.
Next year's average estimate for revenue is $2.26 billion. The average EPS estimate is $2.53.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 308 members out of 327 rating the stock outperform, and 19 members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give Clean Harbors a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Clean Harbors is outperform, with an average price target of $71.43.
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