Clean Harbors Q3 Revenues Miss by 1.6% at $1.55B, Q4 Forecast at $1.46B
Clean Harbors posted Q3 revenue of $1.55 billion, up 1.3% year-on-year but 1.6% below estimates, and analysts forecast Q4 revenue of $1.46 billion (2.2% growth) with $1.60 adjusted EPS. Industry peers saw average revenue gains around 6% in Q4 and Clean Harbors shares have risen 6.8%, trading near a $266.38 average target.
1. Q3 Financial Results
Clean Harbors reported Q3 revenue of $1.55 billion, a 1.3% year-on-year increase but 1.6% below analyst expectations. The company also missed adjusted operating income and EPS estimates, marking the fourth revenue miss in two years.
2. Q4 Expectations and Peer Results
Analysts project Q4 revenue of $1.46 billion (up 2.2% year-on-year) and $1.60 adjusted EPS, down from last year’s 6.9% revenue growth. Peer Waste Connections delivered 5% revenue growth meeting estimates, while Waste Management reported 7.1% growth but missed by 1.3%.
3. Share Performance and Analyst Targets
Environmental services stocks have gained 8.1% on average over the past month, with Clean Harbors up 6.8%. The stock trades near $273.82, against an average analyst target of $266.38.