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Stericycle -- >>> Stericycle Earnings: Double-Digit Revenue Growth Continues

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gfp927z   Wednesday, 10/31/12 02:14:06 PM
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Stericycle -- >>> Stericycle Earnings: Double-Digit Revenue Growth Continues

By Derek Hoffman

October 24, 2012


S&P 500 (NYSE:SPY) component Stericycle Inc. (NASDAQ:SRCL) reported its results for the third quarter. Stericycle manages regulated waste and provides related services. It operates in the United States, Canada, Argentina, Chile, Mexico, Ireland, Portugal, Romania and the United Kingdom.

Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now

Stericycle Inc. Earnings Cheat Sheet

Results: Net income for Stericycle Inc. rose to $65.5 million (75 cents per share) vs. $59.2 million (68 cents per share) in the same quarter a year earlier. This marks a rise of 10.5% from the year-earlier quarter.

Revenue: Rose 14.1% to $480.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Stericycle Inc. reported adjusted net income of 84 cents per share. By that measure, the company beat the mean estimate of 83 cents per share. It beat the average revenue estimate of $467.7 million.

Key Stats:

The company has seen double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 14.7%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 16% from the year earlier quarter.

The company has now seen its net income increase for three consecutive quarters. In the second quarter, net income rose 21.7% and in the first quarter, the figure rose 16.5%.

The company has now surpassed analyst estimates for four quarters in a row. It beat the mark by one cent in the second quarter, by 2 cents in the first quarter, and by 2 cents in the fourth quarter of the last fiscal year.

Looking Forward: The average estimate for the fourth quarter is steady at 86 cents a share. For the fiscal year, the average estimate has been unchanged at $3.27 a share.


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