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Here's What Key Metrics Tell Us About Clean Harbors (CLH) Q2 Earnings
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For the quarter ended June 2024, Clean Harbors (CLH - Free Report) reported revenue of $1.55 billion, up 11.1% over the same period last year. EPS came in at $2.46, compared to $2.13 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.54 billion, representing a surprise of +0.99%. The company delivered an EPS surprise of +11.31%, with the consensus EPS estimate being $2.21.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Clean Harbors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Direct Revenues- Safety-Kleen Sustainability Solutions
: $255.32 million compared to the $223.20 million average estimate based on four analysts. The reported number represents a change of +13.1% year over year.
Direct Revenues- Environmental Services
: $1.30 billion versus the four-analyst average estimate of $1.29 billion. The reported number represents a year-over-year change of +10.7%.
Direct Revenues- Corporate Items
: $0.10 million compared to the $0.04 million average estimate based on three analysts. The reported number represents a change of -14.7% year over year.
Adjusted EBITDA- Environmental Services
: $359.92 million compared to the $338.18 million average estimate based on four analysts.
Adjusted EBITDA- Corporate Items
: -$83.58 million versus the four-analyst average estimate of -$77.55 million.
Shares of Clean Harbors have returned +2.2% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Clean Harbors (CLH) Q2 Earnings
For the quarter ended June 2024, Clean Harbors (CLH - Free Report) reported revenue of $1.55 billion, up 11.1% over the same period last year. EPS came in at $2.46, compared to $2.13 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.54 billion, representing a surprise of +0.99%. The company delivered an EPS surprise of +11.31%, with the consensus EPS estimate being $2.21.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Clean Harbors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Clean Harbors here>>>Direct Revenues- Safety-Kleen Sustainability Solutions
: $255.32 million compared to the $223.20 million average estimate based on four analysts. The reported number represents a change of +13.1% year over year.Direct Revenues- Environmental Services
: $1.30 billion versus the four-analyst average estimate of $1.29 billion. The reported number represents a year-over-year change of +10.7%.Direct Revenues- Corporate Items
: $0.10 million compared to the $0.04 million average estimate based on three analysts. The reported number represents a change of -14.7% year over year.Adjusted EBITDA- Environmental Services
: $359.92 million compared to the $338.18 million average estimate based on four analysts.Adjusted EBITDA- Corporate Items
: -$83.58 million versus the four-analyst average estimate of -$77.55 million.Adjusted EBITDA- Safety-Kleen Sustainability Solutions
: $51.48 million versus the four-analyst average estimate of $48.34 million.Shares of Clean Harbors have returned +2.2% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.