Steel and waste handling company Enviri (NYSE:NVRI) will be reporting results this Tuesday morning. Here’s what investors should know.
Enviri missed analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $548.3 million, down 8.7% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Enviri a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Enviri’s revenue to decline 5.5% year on year to $576.6 million, a deceleration from its flat revenue 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. Enviri has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Enviri’s peers in the waste management segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Waste Connections delivered year-on-year revenue growth of 7.1%, beating analysts’ expectations by 0.7%, and Waste Management reported revenues up 19%, topping estimates by 1.1%. Waste Connections traded up 2.2% following the results while Waste Management was also up 3.4%.
Read our full analysis of Waste Connections’s results here and Waste Management’s results here.
Investors in the waste management segment have had steady hands going into earnings, with share prices flat over the last month. Enviri is down 1.5% during the same time and is heading into earnings with an average analyst price target of $14.83 (compared to the current share price of $8.60).
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