Clean Harbors
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Clean Harbors missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Revenue details
Clean Harbors chalked up revenue of $533.8 million. The 11 analysts polled by S&P Capital IQ predicted revenue of $544.9 million on the same basis. GAAP reported sales were 4.0% lower than the prior-year quarter's $556.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.54. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.54 per share. GAAP EPS of $0.23 for Q3 were 67% lower than the prior-year quarter's $0.70 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 30.1%, 40 basis points worse than the prior-year quarter. Operating margin was 10.6%, 150 basis points worse than the prior-year quarter. Net margin was 2.3%, 440 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $570.1 million. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $2.21 billion. The average EPS estimate is $2.23.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 309 members out of 329 rating the stock outperform, and 20 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 73 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 $63.65.
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