Republic Services, Inc. RSG should report third quarter 2021 results on October 28, after market close.
Let’s see how things went for the announcement.
The favorable impacts of organic growth and acquisitions likely helped revenue for Republic Services in the third quarter of 2021, which Zacks’ consensus estimate is $ 2.82 billion, indicating growth of 9. 6% compared to the figure published a year ago.
Improved operating margins are likely to have helped the bottom line. Zacks’ consensus estimate for earnings is set at $ 1.03 per share, indicating 3% growth from the figure released a year ago.
What our model says
Our proven model does not conclusively predict an increase in profits for Republic Services this time around. The combination of a positive ESP on earnings and a Zacks # 1 (strong buy), 2 (buy) or 3 (hold) ranking increases the odds of beating the winnings. But it is not the case here. You can discover the best stocks to buy or sell before they are flagged with our ESP Income Filter.
Republic Services has an ESP on earnings of 0.00% and a Zacks # 2 rank.
Republic Services, Inc. price-eps-surprise | Republic Services, Inc. Quote
Actions to consider
Here are some actions of the larger Zacks Business services sector that investors may consider, as our model shows these have the right mix of things to beat on Q3 2021 results:
Budget Notice CAR has an ESP of + 18.16% earnings and a Zacks # 1 rank. You can see tThe full list of today’s Zacks # 1 Rank stocks here.
WEX WEX has + 2.83% Revenue ESP and Zacks # 3 Rank.
Global S&P SPGI has + 0.63% Revenue ESP and Zacks # 3 rank.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.