In its upcoming report, Republic Services (RSG) is predicted by Wall Street analysts to post quarterly earnings of $1.62 per share, reflecting an increase of 2.5% compared to the same period last year. Revenues are forecasted to be $4.21 billion, representing a year-over-year increase of 4.1%.
Over the last 30 days, there has been a downward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Republic Services metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Revenue- Environmental solutions, net' will reach $438.21 million. The estimate suggests a change of -9.1% year over year.
The consensus estimate for 'Revenue- Collection- Total' stands at $2.87 billion. The estimate indicates a year-over-year change of +5.1%.
The consensus among analysts is that 'Revenue- Collection- Small-container' will reach $1.29 billion. The estimate indicates a change of +5.5% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Collection- Large-container' should come in at $791.85 million. The estimate points to a change of +6% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Other- Other non-core' reaching $96.67 million. The estimate indicates a year-over-year change of +6.2%.
Analysts forecast 'Revenue- Collection- Residential' to reach $768.99 million. The estimate suggests a change of +3.5% year over year.
It is projected by analysts that the 'Revenue- Transfer' will reach $470.21 million. The estimate indicates a change of +5.7% from the prior-year quarter.
The average prediction of analysts places 'Revenue- Landfill' at $803.64 million. The estimate suggests a change of +7.6% year over year.
The combined assessment of analysts suggests that 'Revenue- Other- Recycling processing and commodity sales' will likely reach $99.67 million. The estimate indicates a year-over-year change of +0.7%.
The collective assessment of analysts points to an estimated 'Revenue- Environmental solutions' of $465.30 million. The estimate suggests a change of -6.8% year over year.
Based on the collective assessment of analysts, 'Revenue- Collection- Other' should arrive at $17.81 million. The estimate indicates a change of +4.7% from the prior-year quarter.
Analysts expect 'Average yield' to come in at 4.3%. The estimate is in contrast to the year-ago figure of 4.4%.
View all Key Company Metrics for Republic Services here>>>
Shares of Republic Services have experienced a change of +6.4% in the past month compared to the -0.3% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), RSG is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Republic Services, Inc. (RSG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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