Perma-Fix (PESI) Q3 Earnings Report Preview: What To Look For

Environmental waste treatment and services provider Perma-Fix (NASDAQ:PESI) will be announcing earnings results this Monday morning. Here’s what you need to know.

Perma-Fix missed analysts’ revenue expectations by 11.1% last quarter, reporting revenues of $14.59 million, up 4.3% year on year. It was a softer quarter for the company, with a significant miss of analysts’ revenue estimates and a miss of analysts’ EBITDA 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, analysts are expecting Perma-Fix’s revenue to decline 3% year on year to $16.3 million, improving from the 23.2% decrease it recorded 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. Perma-Fix has missed Wall Street’s revenue estimates twice since going public.

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. Montrose delivered year-on-year revenue growth of 25.9%, beating analysts’ expectations by 10.9%, and Waste Connections reported revenues up 5.1%, topping estimates by 0.5%. Montrose traded up 5.8% following the results while Waste Connections was also up 2.7%.

Read our full analysis of Montrose’s results here and Waste Connections’s results here.

There has been positive sentiment among investors in the waste management segment, with share prices up 2.2% on average over the last month. Perma-Fix is up 22% during the same time and is heading into earnings with an average analyst price target of $18 (compared to the current share price of $12.87).

P.S. STOP buying the AI stocks everyone’s talking about. The real money? It’s in the profitable pick nobody’s watching yet. We’ve identified an AI profit machine that’s flying under Wall Street’s radar—for now. We can’t keep this research public forever—grab your FREE copy before we pull it offline. GO HERE NOW.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.