Ahead of Republic Services (RSG) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Analysts on Wall Street project that Republic Services (RSG) will announce quarterly earnings of $1.75 per share in its forthcoming report, representing an increase of 8.7% year over year. Revenues are projected to reach $4.27 billion, increasing 5.4% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.In light of this perspective, let's dive into the average estimates of certain Republic Services metrics that are commonly tracked and forecasted by Wall Street analysts.Analysts forecast 'Revenue- Environmental solutions, net' to reach $508.67 million. The estimate indicates a change of +7.6% from the prior-year quarter.Based on the collective assessment of analysts, 'Revenue- Collection- Total' should arrive at $2.88 billion. The estimate indicates a year-over-year change of +5.8%.The consensus estimate for 'Revenue- Collection- Small-container' stands at $1.28 billion. The estimate suggests a change of +6.7% year over year.According to the collective judgment of analysts, 'Revenue- Collection- Large-container' should come in at $810.03 million. The estimate indicates a year-over-year change of +5.2%.The consensus among analysts is that 'Revenue- Other- Other non-core' will reach $100.75 million. The estimate indicates a change of +4.2% from the prior-year quarter.The collective assessment of analysts points to an estimated 'Revenue- Collection- Residential' of $771.05 million. The estimate indicates a year-over-year change of +5.1%.Analysts expect 'Revenue- Transfer' to come in at $479.38 million. The estimate indicates a change of +4.7% from the prior-year quarter.Analysts' assessment points toward 'Revenue- Landfill' reaching $801.10 million. The estimate indicates a change of +5.2% from the prior-year quarter.It is projected by analysts that the 'Revenue- Other- Recycling processing and commodity sales' will reach $107.31 million. The estimate points to a change of -0.2% from the year-ago quarter.The average prediction of analysts places 'Revenue- Environmental solutions' at $504.62 million. The estimate indicates a change of +3.1% from the prior-year quarter.Analysts predict that the 'Revenue- Collection- Other' will reach $18.78 million. The estimate suggests a change of +2.6% year over year.The combined assessment of analysts suggests that 'Average yield' will likely reach 3.8%. Compared to the present estimate, the company reported 5.5% in the same quarter last year. View all Key Company Metrics for Republic Services here>>> Republic Services shares have witnessed a change of -0.3% in the past month, in contrast to the Zacks S&P 500 composite's +5.7% move. With a Zacks Rank #3 (Hold), RSG is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Republic Services, Inc. (RSG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks