Stericycle, Inc. SRCL is slated to report second-quarter 2018 results on Aug 2 after the bell.
Decline in revenues from the majority of its services is likely to dent the company’s top line in the to-be-reported quarter. The Zacks Consensus Estimate for second quarter revenues is pegged at $896 million, mirroring a year-over-year decline of 2.4%.
So far this year, shares of Stericycle have gained just 2.8%, underperforming the S&P 500’s rally of 5.1%.
Here are the expectations in details.
The Zacks Consensus Estimate for Regulated Waste and Compliance Services revenues in the to-be-reported quarter is pegged at $486 million, reflecting a year-over-year decline of 5.1%. The expected decline is likely to be due to impacts of divestitures in Patient Transportation, and the SQ business. These revenues declined 2.7% in the first quarter.
Stericycle, Inc. Revenue (TTM)
The consensus mark for Communication and Related Services revenues is $92 million, indicating year-over-year decline of 10.7%. These revenues increased 1.7% in the first quarter. The same for Manufacturing and Industrial Services revenues stands at $89 million, indicating a 1.1% year-over-year decline. These revenues increased 2.6% in the first quarter.
The consensus estimate for Secure Information Destruction Services revenues stands at $229 million, indicating year-over-year growth of 8%. Sales teams are expected to perform well, driven by process improvement and automation implemented in the recent times. These revenues increased 7.7% in the first quarter.
Stericycle currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Investors interested in the broader Business Services sector are keenly awaiting second-quarter earnings reports from key players like Avis Budget CAR, Genpact G and Delphi Technologies DLPH. While Avis Budget and Genpact will report their quarterly numbers on Aug 7, Delphi Technologies will release results on Aug 8.
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