Republic Services, Inc. (NYSE:RSG) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.81 per share.
For the full year, analysts predict revenues of $ 10144.40 million, while looking forward to income of $ 3.16 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 10,737.00 million ~ $ 10,814.00 million, where as bottomline are predicted in a range of $ 3.48 ~ $ 3.53 per share
Click Here For More Historical Outlooks Of Republic Services, Inc.
Previous Quarter Performance
Republic Services, Inc. announced income for the second quarter of $ 0.81 per share, from the revenue of $ 2,454.00 million. The quarterly earnings up 2.53 percent while revenues down 5.80 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.59 per share from $ 2391.40 million in revenue. The bottom line results beat street analysts by $ 0.22 or 37.29 percent, at the same time, top line results outshined analysts by $ 62.60 million or 2.62 percent.
Stock Performance
Shares of Republic Services, Inc. traded up $ 1.47 or 1.59 percent on Wednesday, reaching $ 93.87 with volume of 1.65 million shares. Republic Services, Inc. has traded high as $ 95.87 and has cracked $ 92.78 on the downward trend
The closing price of $ 93.87, representing a 41.35 % increase from the 52 week low of $ 65.37 and a 8.43 % decrease over the 52 week high of $ 100.91.
The company has a market capital of $ 29.90 billion and is part of the Industrials sector and Waste Management industry.
Recent Analyst recommendations
- On 13th October 2020, initiated by Morgan Stanley at Equal-Weight rating.
- On 23rd September 2020, downgraded by JPMorgan Chase & Co. to Neutral from Overweight rating.
Conference Call
Republic Services, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website republicservices.com
Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The companys collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors. It is also involved in the processing and sale of old corrugated containers, old newsprint, aluminum, glass, and other materials; temporary waste and recycling collection services; and provision of landfill services.
