1. Home
  2. Earnings Beat
  3. Republic Services Stock Gains 32% in a Year: Here’s Why

Republic Services Stock Gains 32% in a Year: Here’s Why


Republic Services (NYSE: RSG) had an impressive run over the past year. In the same time frame, the stock has gained 32% compared with the 21.3% rally of the industry it belongs to and the 26.1% rise of the Zacks S&P 500 composite.

RSG’s revenues for 2024 and 2025 are anticipated to increase 7.9% and 5.7%, respectively, on a year-over-year basis.Its earnings for 2024 and 2025 are expected to grow 7.8% and 10.5%, respectively, year over year.The company has an expected long-term (three to five years) earnings per share growth rate of 9.9%.

Reasons for the Upside

Republic Services’ earnings surpassed the Zacks Consensus Estimate in the past four quarters, delivering an average earnings surprise of 7.8%.

RSG, a leading waste disposal company, is expected to continue benefiting from ongoing trends like increasing environmental concerns, rapid industrialization, a rise in population and active government measures to reduce illegal dumping. The company focuses on the expansion of its recycling volume via improved material handling processes and …

Full story available on Benzinga.com

Visited 3 times, 1 visit(s) today