Clean Harbors (CLH) To Report Q4 Earnings: What's In Store?
Zacks Investment Research | Feb 25, 2019 10:23PM ET
Clean Harbors, Inc. (NYSE:CLH) is scheduled to report fourth-quarter 2018 earnings on Feb 27, before market open.
Strength across segments, pricing initiatives and contribution from Veolia acquisition are likely to boost Clean Harbors’ revenues.
Let's see how things are shaping up for the announcement.
Strength Across Segments to Drive Top Line
The Zacks Consensus Estimate for fourth-quarter 2018 revenues is pegged at $818.65 million, indicating year-over-year growth of 9.5%. The top line is expected to benefit from Veolia acquisition, pricing initiatives and strength across its reporting segments. In third-quarter 2018, revenues of $843.18 million increased 11.6% year over year.
Segment-wise, Environmental Services is likely to be driven by Veolia acquisition, higher-value waste streams in the company’s disposal network, pricing improvements and strength in the industrial, energy and field services businesses. Contribution from Veolia assets and robust regional growth (especially in the Gulf and Midwest regions) are other major positives.
Safety-Kleen segment should benefit from higher base oil and blended pricing on the back of growth in the company’s core service offerings at the branches, including direct lube sales.
Bottom Line Expectations
The Zacks Consensus Estimate for earnings per share in the to-be-reported quarter is pegged at 51 cents, indicating year-over-year growth of more than 100%. In third-quarter 2018, adjusted earnings of 59 cents per share came ahead of the year-ago figure by 38 cents.
What Our Model Says
Please note that according to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Zacks Investment Research
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