Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Waste Management (NYSEWM) and the best and worst performers in the waste management industry.
Over the last six months, Enviri’s shares have sunk to $7.63, producing a disappointing 10.8% loss - a stark contrast to the S&P 500’s 9.3% gain. This was partly due to its softer quarterly results and might have investors contemplating their next move.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Casella Waste Systems (NASDAQCWST) and the rest of the waste management stocks fared in Q3.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Enviri (NYSENVRI) and the rest of the waste management stocks fared in Q3.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at waste management stocks, starting with Republic Services (NYSERSG).
Shares of steel and waste handling company Enviri (NYSENVRI)
fell 19.9% in the afternoon session after the company reported weak third-quarter earnings. We struggled to find many strong positives in these results. Its EBITDA forecast for the full year missed and its revenue fell short of Wall Street's estimates. Overall, this was a weaker quarter.
Steel and waste handling company Enviri (NYSENVRI) fell short of the market’s revenue expectations in Q3 CY2024, but sales rose 9.3% year on year to $573.6 million. Its GAAP loss of $0.16 per share was also 1,700% below analysts’ consensus estimates.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the waste management industry, including Waste Management (NYSEWM) and its peers.
