Earnings Outlook For Clean Harbors
Portfolio Pulse from Benzinga Insights
Clean Harbors (NYSE:CLH) is scheduled to release its quarterly earnings report on February 21, 2024, with an expected EPS of $1.69. Despite a miss in the last quarter's EPS, the company's stock price increased by 5.23% the following day. Historically, the company's earnings performance has shown mixed results with both misses and beats in EPS estimates, leading to varied stock price reactions. Over the last year, CLH shares have seen a 39.07% increase, indicating a positive trend for long-term shareholders.
February 20, 2024 | 7:01 pm
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Clean Harbors is expected to report an EPS of $1.69 for the upcoming quarter. Historical data shows mixed earnings performance but a positive stock price trend over the last year.
Given the positive long-term stock performance and the anticipation surrounding the upcoming earnings report, there is a likely short-term positive impact on CLH's stock price. Historical data indicates that even when missing EPS estimates, the stock price can react positively. The expected EPS and the company's past ability to exceed expectations may contribute to investor optimism.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100