The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Covanta Holding's revenues will compress -1.8% and EPS will contract -66.7%.
The average estimate for revenue is $402.7 million. On the bottom line, the average EPS estimate is $0.05.
Last quarter, Covanta Holding reported revenue of $373.0 million. GAAP reported sales were 4.8% lower than the prior-year quarter's $392.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.21. GAAP EPS were -$0.19 for Q1 versus -$0.09 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 24.7%, 720 basis points worse than the prior-year quarter. Operating margin was -0.5%, 330 basis points worse than the prior-year quarter. Net margin was -6.7%, 360 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.63 billion. The average EPS estimate is $0.42.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Covanta Holding is outperform, with an average price target of $21.55.
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