Environmental waste treatment and services provider Perma-Fix (NASDAQ: PESI) will be announcing earnings results tomorrow before the bell. Here’s what to expect.
Perma-Fix missed analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $16.81 million, down 23.2% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EBITDA and EPS estimates.
Is Perma-Fix a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Perma-Fix’s revenue to decline 30.5% year on year to $15.8 million, a reversal from the 35.6% increase 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 four times over the last two years.
Looking at Perma-Fix’s peers in the waste management segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Casella Waste Systems delivered year-on-year revenue growth of 18.9%, beating analysts’ expectations by 2.3%, and Republic Services reported revenues up 5.6%, falling short of estimates by 0.7%. Casella Waste Systems’s stock price was unchanged after the resultswhile Republic Services was up 3%.
Read our full analysis of Casella Waste Systems’s results here and Republic Services’s results here.
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