Environmental waste treatment and services provider Perma-Fix (NASDAQ: PESI) will be announcing earnings results this Thursday before market hours. Here’s what you need to know.
Perma-Fix met analysts’ revenue expectations last quarter, reporting revenues of $12.89 million, down 11.7% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.
Is Perma-Fix a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Perma-Fix’s revenue to decline 14.6% year on year, a reversal from the 3.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.
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. Clean Harbors delivered year-on-year revenue growth of 20.7%, beating analysts’ expectations by 8.3%, and Republic Services reported revenues up 8.2%, topping estimates by 3.1%. Clean Harbors traded down 1.1% following the results while Republic Services was up 3.3%.
Read our full analysis of Clean Harbors’s results here and Republic Services’s results here.
Investors in the waste management segment have had steady hands going into earnings, with share prices flat over the last month. Perma-Fix is down 15.7% during the same time and is heading into earnings with an average analyst price target of $30 (compared to the current share price of $13.07).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
