US Ecology Earnings: Here’s Why the Stock is Rising Now
US Ecology, Inc. (NASDAQ:ECOL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.35%.
US Ecology, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 52.38% to $0.32 in the quarter versus EPS of $0.21 in the year-earlier quarter.
Revenue: Rose 29.96% to $42.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: US Ecology, Inc. reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0.25. It beat the average revenue estimate of $38.4 million.
Quoting Management: “Strong growth in our Event Business drove waste volumes in the quarter, helping us benefit from the inherent operating leverage in the business,” commented Vice President, Acting Chief Financial Officer and Chief Accounting Officer, Eric Gerratt. “We are pleased with the strong quarterly performance driven by solid execution at all of our facilities.”
Key Stats (on next page)…