Environmental waste treatment and services provider Perma-Fix (NASDAQ: PESI) will be announcing earnings results this Monday morning. Here’s what you need to know.
Perma-Fix missed analysts’ revenue expectations by 11.1% last quarter, reporting revenues of $14.59 million, up 4.3% year on year. It was a softer quarter for the company, with a significant miss of analysts’ revenue estimates and a miss of analysts’ EBITDA estimates.
Is Perma-Fix a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Perma-Fix’s revenue to decline 3% year on year to $16.3 million, improving from the 23.2% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.12 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Perma-Fix has missed Wall Street’s revenue estimates twice since going public.
Looking at Perma-Fix’s peers in the waste management segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Montrose delivered year-on-year revenue growth of 25.9%, beating analysts’ expectations by 10.9%, and Waste Connections reported revenues up 5.1%, topping estimates by 0.5%. Montrose traded up 5.8% following the results while Waste Connections was also up 2.7%.
Read our full analysis of Montrose’s results here and Waste Connections’s results here.
There has been positive sentiment among investors in the waste management segment, with share prices up 2.2% on average over the last month. Perma-Fix is up 22% during the same time and is heading into earnings with an average analyst price target of $18 (compared to the current share price of $12.87).
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