Yahoo Finance Republic Services (RSG) Q2 Earnings: What To Expect
Waste management company Republic Services (NYSE:RSG) will be reporting earnings tomorrow after market close. Here's what to look for.
Republic Services met analysts' revenue expectations last quarter, reporting revenues of $3.86 billion, up 7.8% year on year. It was a slower quarter for the company, with a miss of analysts' volume estimates.
Is Republic Services a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Republic Services's revenue to grow 8.3% year on year to $4.03 billion, in line with the 9.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.53 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. Republic Services has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 1.8% on average.
With Republic Services being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for environmental and facilities services stocks. However, there has been positive investor sentiment in the segment, with share prices up 6.5% on average over the last month. Republic Services is up 5.3% during the same time and is heading into earnings with an average analyst price target of $205.8 (compared to the current share price of $205).
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