Earnings To Watch: Enviri (NVRI) Reports Q4 Results Tomorrow

Steel and waste handling company Enviri (NYSE:NVRI) will be reporting results this Tuesday morning. Here’s what you need to know.

Enviri met analysts’ revenue expectations last quarter, reporting revenues of $574.8 million, flat year on year. It was a disappointing quarter for the company, with full-year EBITDA guidance missing analysts’ expectations and a significant miss of analysts’ EBITDA estimates.

Is Enviri a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Enviri’s revenue to decline 1.4% year on year, improving from the 6.8% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Enviri has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Enviri’s peers in the waste management segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Waste Connections delivered year-on-year revenue growth of 5%, meeting analysts’ expectations, and Casella Waste Systems reported revenues up 9.7%, in line with consensus estimates. Waste Connections traded down 8.2% following the results while Casella Waste Systems was also down 5.7%.

Read our full analysis of Waste Connections’s results here and Casella Waste Systems’s results here.

There has been positive sentiment among investors in the waste management segment, with share prices up 7.1% on average over the last month. Enviri is up 2.8% during the same time and is heading into earnings with an average analyst price target of $21.33 (compared to the current share price of $19.16).

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