Here Is What To Expect

Steel and waste handling company Enviri (NYSE:NVRI) will be reporting earnings this Monday before the bell. Here’s what you need to know.

Enviri missed analysts’ revenue expectations by 2.5% last quarter, reporting revenues of $562.3 million, down 7.8% year on year. It was a disappointing quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ revenue estimates.

Is Enviri a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Enviri’s revenue to be flat year on year at $573.2 million, improving from the 3.9% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.03 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 twice since going public.

Looking at Enviri’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. Enviri is up 6.1% during the same time and is heading into earnings with an average analyst price target of $15.67 (compared to the current share price of $12.19).

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