Environmental waste treatment and services provider Perma-Fix (NASDAQ:PESI) will be reporting results tomorrow morning. Here’s what to expect.
Perma-Fix missed analysts’ revenue expectations by 12% last quarter, reporting revenues of $13.99 million, down 44.1% year on year. It was a disappointing quarter for the company, with a miss of analysts’ EBITDA and earnings 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 21.4% year on year to $17.2 million, a reversal from the 18.4% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.10 per share.
The majority of analysts covering the company have 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 three times over the last two years.
Looking at Perma-Fix’s peers in the waste management segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Waste Management delivered year-on-year revenue growth of 7.9%, beating analysts’ expectations by 1.7%, and Republic Services reported revenues up 6.5%, falling short of estimates by 1%. Waste Management traded up 5.2% following the results while Republic Services was down 2.7%.
Read our full analysis of Waste Management’s results here and Republic Services’s results here.
There has been positive sentiment among investors in the waste management segment, with share prices up 6.3% on average over the last month. Perma-Fix is up 12.2% during the same time and is heading into earnings with an average analyst price target of $18 (compared to the current share price of $14.76).
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
