As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the waste management industry, including Waste Connections (NYSE:WCN) and its peers.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. Unfortunately, this role also comes with a demand profile tethered to the ebbs and flows of the broader economy, and investors seem to be forecasting a downturn -
over the past six months, the industry has pulled back by 8.6%. This drop was worse than the S&P 500’s 1.6% loss.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Montrose (NYSE:MEG) and the best and worst performers in the waste management industry.
Shareholders of Montrose would probably like to forget the past six months even happened. The stock dropped 42.7% and now trades at $16.68. This may have investors wondering how to approach the situation.
Montrose Environmental Group selected by U.S. Air Force as one of the firms to provide environmental services, including contaminant remediation, over the next decade.
Intrigued by the market activity in the middle of the day on Thursday? Uncover the key winners and losers of today's session in our insightful analysis.
Environmental services provider Montrose (NYSE:MEG) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 14.1% year on year to $189.1 million. The company expects the full year’s revenue to be around $760 million, close to analysts’ estimates. Its non-GAAP profit of $0.29 per share was significantly above analysts’ consensus estimates.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Clean Harbors (NYSE:CLH) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how waste management stocks fared in Q3, starting with Perma-Fix (NASDAQ:PESI).
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Montrose (NYSE:MEG) and its peers.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. Still, their generally high capital requirements expose them to the ups and downs of economic cycles,
and the industry’s six-month return of 13% has fallen short of the S&P 500’s 16.8% rise.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how environmental and facilities services stocks fared in Q3, starting with BrightView (NYSE:BV).
Montrose has gotten torched over the last six months - since July 2024, its stock price has dropped 54.4% to $18.29 per share. This may have investors wondering how to approach the situation.
