Republic Services (RSG) Earnings: 2Q Adjusted EPS of $1.61 Exceeds Estimates

Republic Services on Smartkarma

Republic Services has been receiving positive analyst coverage on Smartkarma, with insights from Baptista Research showing a bullish sentiment towards the company. In one report titled “Republic Services Inc.: Continued Growth Poised by Pricing! – Major Drivers,” the analysts highlighted the strong financial results of Republic Services during their first quarter of 2024. The company experienced revenue growth of 8%, adjusted EBITDA growth of 12%, and an expansion of adjusted EBITDA margin by 120 basis points. Adjusted earnings per share were $1.45, with adjusted free cash flow reaching $535 million.

Another report by Baptista Research, “Republic Services Inc.: Solid Trends In Service Volume Business As A Major Growth Catalyst! – Other Key Drivers,” commended Republic Services for a successful strategy that led to significant growth. In this report, Republic Services‘ revenue for the year grew by 11%, including a 5% increase from acquisitions. They also generated a 13% adjusted EBITDA growth, margin expansion of 60 basis points, and reported adjusted earnings per share of $5.61. These positive analyses reflect optimism regarding Republic Services‘ performance and potential for further growth.

A look at Republic Services Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have indicated that Republic Services, a company specializing in non-hazardous waste services, is set for a positive long-term trajectory. With a Growth score of 4 out of 5, the company is positioned for strong future expansion. Momentum, another key indicator, also stands at 4, showcasing the company’s current upward trend in the market.

While Value and Dividend scores are at 2, implying room for potential improvement in these areas, Republic Services demonstrates a solid foundation for resilience with a score of 2. Overall, the company’s outlook appears promising, especially in terms of growth potential and market momentum.

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