What's in the Cards for Republic Services (RSG) Q3 Earnings?
Republic Services, Inc. RSG is scheduled to report third-quarter 2022 results on Oct 27, after market close.
Let’s check out how things have shaped up for the announcement.
Q3 Expectations
Favorable impacts of internal growth and acquisitions/divestitures are likely to have aided Republic Services' third-quarter 2022 revenues, the Zacks Consensus Estimate for which stands at $3.53 billion, indicating growth of 20.4% from the year-ago quarter’s reported figure.
The Zacks Consensus Estimate for earnings is pegged at $1.21 per share, indicating growth of 9% from the year-ago quarter’s reported figure. Rising expenses might hurt bottom-line results.
Republic Services, Inc. Price and EPS Surprise
Republic Services, Inc. price-eps-surprise | Republic Services, Inc. Quote
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Republic Services this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here, as elaborated below. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Republic Services has an Earnings ESP of -1.74% and a Zacks Rank #3.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season:
Gartner, Inc. IT has an Earnings ESP of +1.89% and a Zacks Rank #3.
IT has an expected revenue growth rate of 13.7% and 10.3% for the current and next year, respectively. Gartner has a trailing four-quarter earnings surprise of 25.3%, on average.
Trane Technologies plc TT has an Earnings ESP of +2.09% and a Zacks Rank of 3.
Trane Technologies has an expected earnings growth rate of 16.3% for the current year. TT has a trailing four-quarter earnings surprise of 3.9%, on average.
Riot Blockchain RIOT has an Earnings ESP of +125.49% and is Zacks #3 Ranked.
Riot has an expected revenue growth rate of 41.2% for the current year and 69.1% for next year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Republic Services, Inc. (RSG) : Free Stock Analysis Report
Gartner, Inc. (IT) : Free Stock Analysis Report
Trane Technologies plc (TT) : Free Stock Analysis Report
Riot Blockchain, Inc. (RIOT) : Free Stock Analysis Report
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