How Will Stericycle's (SRCL) Top Line Shape Up in Q2 Earnings?

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Stericycle, Inc. SRCL is slated to report second-quarter 2018 results on Aug 2 after the bell.

Decline in revenues from the majority of its services is likely to dent the company's top line in the to-be-reported quarter. The Zacks Consensus Estimate for second quarter revenues is pegged at $896 million, mirroring a year-over-year decline of 2.4%.

So far this year, shares of Stericycle have gained just 2.8%, underperforming the S&P 500's rally of 5.1%.

Here are the expectations in details.

The Zacks Consensus Estimate for Regulated Waste and Compliance Services revenues in the to-be-reported quarter is pegged at $486 million, reflecting a year-over-year decline of 5.1%. The expected decline is likely to be due to impacts of divestitures in Patient Transportation, and the SQ business. These revenues declined 2.7% in the first quarter.

Stericycle, Inc. Revenue (TTM)

Stericycle, Inc. Revenue (TTM) | Stericycle, Inc. Quote

The consensus mark for Communication and Related Services revenues is $92 million, indicating year-over-year decline of 10.7%. These revenues increased 1.7% in the first quarter. The same for Manufacturing and Industrial Services revenues stands at $89 million, indicating a 1.1% year-over-year decline. These revenues increased 2.6% in the first quarter.

The consensus estimate for Secure Information Destruction Services revenues stands at $229 million, indicating year-over-year growth of 8%. Sales teams are expected to perform well, driven by process improvement and automation implemented in the recent times. These revenues increased 7.7% in the first quarter.

Stericycle currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Upcoming Releases

Investors interested in the broader Business Services sector are keenly awaiting second-quarter earnings reports from key players like Avis Budget CAR , Genpact G and Delphi Technologies DLPH .  While Avis Budget and Genpact will report their quarterly numbers on Aug 7, Delphi Technologies will release results on Aug 8.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Earnings , Stocks
Referenced Symbols: CAR , DLPH , G , SRCL

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