Stericycle Q2 2024 GAAP EPS $0.57, Inline, Sales $664.900M Miss $679.277M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stericycle (NASDAQ:SRCL) reported Q2 2024 earnings of $0.57 per share, meeting analyst estimates but with a 16.33% increase from the previous year. However, their sales of $664.9M fell short of the $679.277M estimate, marking a 2.84% decrease from the previous year.

April 25, 2024 | 11:07 am
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Stericycle reported Q2 2024 earnings per share of $0.57, aligning with estimates and showing a 16.33% YOY increase. However, their sales of $664.9M missed the $679.277M estimate, a 2.84% YOY decrease.
While Stericycle's earnings per share met analyst expectations and showed growth from the previous year, the miss on sales estimates and the year-over-year decrease in sales could temper investor enthusiasm. The EPS growth is a positive sign, indicating operational efficiency or cost management success. However, the sales miss suggests potential challenges in revenue growth, which could lead to cautious optimism among investors. The overall impact on the stock price is likely neutral in the short term, as the positive earnings report is balanced by the less favorable sales figures.
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