Yahoo Finance Perma-Fix (PESI) To Report Earnings Tomorrow: Here Is What To Expect
Environmental waste treatment and services provider Perma-Fix (NASDAQ:PESI) will be reporting results tomorrow morning. Here's what to look for.
Perma-Fix missed analysts' revenue expectations by 17% last quarter, reporting revenues of $13.62 million, down 32.3% year on year. It was a weak quarter for the company, with a miss of analysts' earnings estimates.
Is Perma-Fix a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Perma-Fix's revenue to decline 36.5% year on year to $15.9 million, a reversal from the 28.7% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.16 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Perma-Fix has missed Wall Street's revenue estimates twice over the last two years.
Looking at Perma-Fix's peers in the waste management segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Clean Harbors delivered year-on-year revenue growth of 11.1%, beating analysts' expectations by 1.5%, and Montrose reported revenues up 8.9%, in line with consensus estimates. Clean Harbors traded up 8% following the results.
Read our full analysis of Clean Harbors's results here and Montrose's results here.
Investors in the waste management segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Perma-Fix is up 22.5% during the same time and is heading into earnings with an average analyst price target of $18 (compared to the current share price of $9.9).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
