Republic Servs Q3 Adj $1.81 Beats $1.61 Estimate, Sales $4.08B Miss $4.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Republic Services reported Q3 earnings of $1.81 per share, beating estimates of $1.61, a 17.53% increase from last year. However, sales of $4.08 billion missed the $4.12 billion estimate, though they were up 6.54% from last year.
October 29, 2024 | 8:11 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Republic Services reported strong Q3 earnings per share of $1.81, surpassing expectations by 12.42%. However, sales of $4.08 billion fell short of the $4.12 billion estimate, despite a 6.54% year-over-year increase.
The significant beat on earnings per share is likely to positively impact the stock price in the short term, as it indicates strong profitability. The slight miss on sales is less concerning given the overall growth in revenue compared to last year.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100