Clean Harbors CLH announces its next round of earnings this Wednesday, August 04. Here is Benzinga's look at Clean Harbors's Q2 earnings report.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Wall Street expects EPS of $0.8 and sales around $841.02 million. Clean Harbors reported a profit of $0.52 per share when it published results during the same quarter last year. Sales in that period totaled $710.00 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
The Wall Street estimate would represent a 53.85% increase in the company's earnings. Sales would be have grown 18.45% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:
Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
---|---|---|---|---|
EPS Estimate | 0.25 | 0.39 | 0.27 | 0.01 |
EPS Actual | 0.42 | 0.63 | 0.90 | 0.52 |
Revenue Estimate | 787.52 M | 801.44 M | 779.07 M | 698.86 M |
Revenue Actual | 808.15 M | 796.19 M | 779.34 M | 710.00 M |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Over the last 52-week period, shares are up 46.56%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Clean Harbors is scheduled to hold the call at 09:00:00 ET and can be accessed here.
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