For immediate release
Chicago, IL – September 20, 2021 – Today Zacks Equity Research discusses waste management including Quest Resource Holding Corporation QRHC, Republic Services, Inc. RSG, Waste Connections, Inc. WCN and Waste Management, Inc. MW.
The waste management industry is a beneficiary of the economic health, which is currently recovering from the pandemic blues, benefiting from an increase in vaccination campaigns. Successful mass vaccination should help the industry and its players gradually regain their full-scale capabilities.
In particular, the Zacks Waste removal services the industry has appreciated 12.9% year-to-date, compared to the 20.7% rise in the S&P 500 index and the 17.3% decline in the larger sector of Zacks business services.
The future looks bright
According to Allied Market Research, the global waste management market size is expected to reach $ 2,339.8 billion by 2027, up from $ 2,080 billion in 2019, with a CAGR of 5.5% from 2020 to 2027 While population growth, industrialization and urbanization remain the main drivers of the industry, government measures to control illegal dumping, adoption of technology and the increasing use of advanced solutions for collection and recycling are other catalysts.
With China no longer importing much of the waste from the United States, traditional disposal methods have struggled to cope with the growing load. In a situation like this, the use of computer technology in waste treatment is expected to increase in the days to come. In addition, the growing awareness of government agencies and the public of advanced waste management solutions and the need to develop waste-to-energy solutions will likely open up market opportunities for waste management companies.
Actions to consider
Given the context, it would be a good idea to put cleaning companies that have strong growth potential for 2021 and 2022 on your radar. We have selected four of these actions for you.
Quest Resource Holding Corp. : This Texas-based solution provider for the reuse, recycling and disposal of waste streams and recyclables currently carries a Zacks Rank # 2 (Buy), currently. You can see The full list of today’s Zacks # 1 Rank stocks here.
The company has an expected earnings growth rate of over 100% for 2021 and 40.6% for 2022. Zacks’ consensus estimate for current year earnings has increased by 60% over the years. Last 60 days. The consensus mark for next year’s earnings has moved 43.8% north. The stock has gained a whopping 147.7% year-to-date.
Republic Services : This Arizona-based provider of non-hazardous solid waste collection, transfer, disposal, recycling and environmental services also holds a Zacks Rank # 2, as of today. The company has a projected earnings growth rate of 14% for 2021 and 9.4% for 2022. Zacks’ consensus estimate for current year earnings has shifted 5.7% to north over the past 60 days. The same for next year’s profits also increased 5.7%. The stock has appreciated 28.9% since the start of the year.
Waste connections : This Ontario provider of waste collection, transfer, disposal and recycling services has a Zacks Rank # 3 (Hold). The company has an estimated profit growth rate of 19.3% for the current year and 13.7% for the next. Zacks’ consensus estimate is up 1% for 2021 earnings and 2.3% for 2022, in 60 days. The stock has jumped 25.5% since the start of the year.
Waste Management : This Texas-based environmental waste management service provider also holds a Zacks # 3 rank, currently. The company’s profits are expected to increase 22.1% and 11.7%, respectively, in 2021 and 2022. Zacks’ consensus estimate rose 2.3% for earnings per share (EPS) 2021 and 2.4% for 2022, in the last 60 days. The title has gained 30.6% since the start of the year.
Zacks Investment Research is under common control with affiliated entities (including a broker and investment advisor), which may engage in transactions involving the aforementioned securities for clients of such affiliates.
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