Republic Services, Inc. GSR must report fourth quarter 2021 results on February 10, after market close.
Let’s see how things went for the announcement.
Fourth Quarter Expectations
Favorable impacts from organic growth and acquisitions likely helped Republic Services revenue in Q4 2021, which Zacks consensus estimate is $2.87 billion, indicating growth of 11.6% compared to the reported figure for the prior year quarter.
Improved operating margins likely contributed to the bottom line. Zacks’ consensus estimate for earnings is pegged at $1.01 per share, indicating 1% growth from the figure reported a year ago.
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 ESP Earnings and a Zacks rank of #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of beating earnings. But it is not the case here. You can discover the best stocks to buy or sell before they’re flagged with our Income ESP filter.
Republic Services has an Earnings ESP of 0.00% and a Zacks Rank #2.
Republic Services, Inc. price-eps-surprise | Quote from Republic Services, Inc.
Actions to consider
Here are some actions from the wider Zacks Business services sector that investors can consider, because our model shows that they have the right combination of elements to beat on their results for the fourth quarter of 2021:
Genpact (g) has an ESP of +6.67% and a Zacks rank #2. The company will release its earnings figures on February 11, before the market opens. You can see the full list of today’s Zacks #1 Rank stocks here.
Genpact forecasts a profit growth rate of 9.7% for the current year. The company has realized a surprise on earnings for the last four quarters of 15.1% on average.
Genpact shares are up 16% over the past year. The company’s long-term earnings growth rate is projected at 14.8%.
Budget Reviews (SELF) has a +3.32% win ESP and a #3 Zacks rank. The company will release its earnings figures on February 14, after the market closes.
Avis Budget has realized a surprise on the profits of the last four quarters of 76.9% on average.
Avis Budget shares have jumped 317.2% over the past year. The company forecasts a long-term earnings growth rate of 19.4%.
S&P Global (SPGI) has a +1.33% win ESP and a #3 Zacks rank. The company will release its earnings figures on February 8, before the market opens.
S&P Global forecasts an earnings growth rate of 7.1% for the current year. The company has realized a surprise on earnings for the last four quarters of 9.1% on average.
Shares of S&P Global have jumped 27.3% over the past year. The company forecasts a long-term earnings growth rate of 12%.
Stay up to date with upcoming results announcements with the Zacks Earnings Schedule.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.