Clean Harbors(US:CLH) ZACKS·2024-10-30 13:40Company Performance - Clean Harbors reported quarterly earnings of $2.12 per share, missing the Zacks Consensus Estimate of $2.15 per share, but showing an increase from $1.68 per share a year ago, representing an earnings surprise of -1.40% [1] - The company posted revenues of $1.53 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.26% and increasing from $1.37 billion year-over-year [2] - Over the last four quarters, Clean Harbors has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Clean Harbors shares have increased approximately 50.9% since the beginning of the year, outperforming the S&P 500's gain of 22.3% [3] - The current consensus EPS estimate for the upcoming quarter is $1.75 on revenues of $1.47 billion, and for the current fiscal year, it is $7.64 on revenues of $5.91 billion [7] Industry Outlook - The Waste Removal Services industry, to which Clean Harbors belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Clean Harbors' stock performance [5][6]