The 10-second takeaway
For the quarter ended March 31 (Q1), Clean Harbors missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share contracted significantly.
Margins shrank across the board.
Clean Harbors reported revenue of $862.2 million. The 12 analysts polled by S&P Capital IQ looked for revenue of $893.6 million on the same basis. GAAP reported sales were 51% higher than the prior-year quarter's $572.0 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 $0.17. The 12 earnings estimates compiled by S&P Capital IQ averaged $0.33 per share. GAAP EPS of $0.17 for Q1 were 72% lower than the prior-year quarter's $0.60 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 26.2%, 380 basis points worse than the prior-year quarter. Operating margin was 4.0%, 680 basis points worse than the prior-year quarter. Net margin was 1.2%, 440 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $926.3 million. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $3.72 billion. The average EPS estimate is $2.69.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 312 members out of 334 rating the stock outperform, and 22 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 65 give Clean Harbors a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Clean Harbors is buy, with an average price target of $64.23.
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