Unlocking Q4 Potential of Clean Harbors (CLH): Exploring Wall Street Estimates for Key Metrics

The upcoming report from Clean Harbors (CLH) is expected to reveal quarterly earnings of $1.68 per share, indicating an increase of 16.7% compared to the year-ago period. Analysts forecast revenues of $1.35 billion, representing an increase of 5.9% year over year.

Over the last 30 days, there has been a downward revision of 1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

That said, let's delve into the average estimates of some Clean Harbors metrics that Wall Street analysts commonly model and monitor.

The consensus among analysts is that 'Direct Revenues- Safety-Kleen Sustainability Solutions' will reach $230.17 million. The estimate indicates a change of -0.4% from the prior-year quarter.

According to the collective judgment of analysts, 'Direct Revenues- Environmental Services' should come in at $1.11 billion. The estimate suggests a change of +6.4% year over year.

The collective assessment of analysts points to an estimated 'Adjusted EBITDA- Safety-Kleen Sustainability Solutions' of $46.15 million. Compared to the present estimate, the company reported $54.28 million in the same quarter last year.

The consensus estimate for 'Adjusted EBITDA- Environmental Services' stands at $273.19 million. The estimate is in contrast to the year-ago figure of $239.42 million.

View all Key Company Metrics for Clean Harbors here>>>

Clean Harbors shares have witnessed a change of +11.3% in the past month, in contrast to the Zacks S&P 500 composite's +4.6% move. With a Zacks Rank #4 (Sell), CLH is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.

It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock And 4 Runners Up

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Clean Harbors, Inc. (CLH) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.