Republic Servs Q1 Adj $1.45 Beats $1.35 Estimate, Sales $3.86B Miss $3.89B Estimate
Portfolio Pulse from Benzinga Newsdesk
Republic Services (RSG) reported Q1 earnings of $1.45 per share, surpassing the $1.35 estimate, marking a 16.94% year-over-year increase. However, their sales of $3.86B fell short of the $3.89B estimate, despite being a 7.84% increase from the previous year.
April 30, 2024 | 8:12 pm
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Republic Services reported higher than expected Q1 earnings at $1.45 per share, a 16.94% increase YOY, but missed sales estimates with $3.86B.
The positive earnings beat could provide a short-term uplift to RSG's stock price due to investor optimism about profitability. However, the slight miss on sales estimates could temper gains, leading to a neutral short-term impact. The balance between exceeding earnings expectations and missing sales forecasts suggests a mixed investor reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100