- Adjusted EPS Beats Estimates: Republic Services reported an adjusted EPS of $1.61, surpassing the estimate of $1.54.
- Revenue Exceeds Expectations: The company’s revenue was $4.05 billion, slightly higher than the estimated $4.04 billion.
- Improved Adjusted Ebitda Margin: The adjusted Ebitda margin stood at 31.1%, compared to the estimate of 30.4%.
- Higher Adjusted Ebitda: Adjusted Ebitda came in at $1.26 billion, above the projected $1.23 billion.
- Stock Ratings: Analysts provided 10 buy ratings, 10 hold ratings, and 1 sell rating for Republic Services.
- Conference Call Details: A call was scheduled for 5 p.m. New York time.
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
Factor | Score | Magnitude |
---|---|---|
Value | 2 | |
Dividend | 2 | |
Growth | 4 | |
Resilience | 2 | |
Momentum | 4 | |
OVERALL SMART SCORE | 2.8 |
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.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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