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Analysts Estimate GFL Environmental Inc. (GFL) to Report a Decline in Earnings: What to Look Out for
GFLGFL(US:GFL) ZACKSยท2024-10-30 15:07

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for GFL Environmental Inc. despite higher revenues, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - GFL Environmental is expected to report quarterly earnings of $0.23 per share, reflecting a year-over-year decrease of 4.2% [3]. - Revenue is projected to be $1.49 billion, which is an increase of 5.5% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 4.17% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. - The Most Accurate Estimate for GFL is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -17.90% [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with positive readings being more predictive of earnings beats [6][7]. - GFL's current Zacks Rank is 3, which complicates the prediction of an earnings beat given the negative Earnings ESP [10]. Historical Performance - In the last reported quarter, GFL Environmental had an earnings surprise of +5%, reporting $0.21 per share against an expectation of $0.20 [11]. - Over the past four quarters, GFL has beaten consensus EPS estimates two times [12]. Industry Comparison - In the Zacks Waste Removal Services industry, Aris Water Solutions, Inc. is expected to post earnings of $0.27 per share, indicating a year-over-year increase of 58.8% [16]. - Aris Water Solutions has an Earnings ESP of -9.77% and a Zacks Rank of 4, making it difficult to predict an earnings beat [17].