Republic Services Earnings: Here’s Why the Stock is Up Now
Republic Services, Inc. (NYSE:RSG) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.95%.
Republic Services, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 21.05% to $0.46 in the quarter versus EPS of $0.38 in the year-earlier quarter.
Revenue: Rose 0.82% to $2 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Republic Services, Inc. reported adjusted EPS income of $0.46 per share. By that measure, the company beat the mean analyst estimate of $0.40. It missed the average revenue estimate of $2 billion.
Quoting Management: Donald W. Slager, president and chief executive officer, said, “I am pleased with our first quarter results, which demonstrate our ability to profitably grow our North American solid waste and recycling businesses. Consistent with our expectations, we saw sequential improvements in core pricing, volume and EBITDA margin performance. We remain on-track to achieve our full year 2013 guidance, and continue to efficiently return cash to stockholders.”
Key Stats (on next page)…