These Analysts Raise Their Forecasts On Clean Harbors After Q4 Results
Portfolio Pulse from Avi Kapoor
Clean Harbors, Inc. (NYSE:CLH) exceeded Q4 earnings expectations with $1.82 per share against the estimated $1.69, but fell short on sales with $1.34 billion versus the expected $1.36 billion. The company anticipates 2-3% adjusted EBITDA growth in Q1. Following the report, analysts from Needham, BMO Capital, and Truist Securities raised their price targets for CLH, reflecting optimism in its financial performance and growth prospects. Clean Harbors shares slightly increased by 0.2% to $181.79.
February 22, 2024 | 5:54 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Clean Harbors reported higher than expected Q4 earnings but slightly missed sales forecasts. Analysts raised price targets following the results, indicating confidence in the company's growth.
The positive earnings surprise and subsequent analyst upgrades typically signal strong company performance and investor confidence, likely leading to a short-term positive impact on the stock price. The slight miss on sales forecasts is overshadowed by the earnings beat and optimistic future EBITDA growth projections.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100