What Does Wall Street See for Covanta Holding's Q2?
Jul 13th 2012 12:41PM
Updated Jul 13th 2012 12:48PM
Covanta Holding (NYS: CVA) is expected to report Q2 earnings on July 18. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Covanta Holding's revenues will increase 1.6% and EPS will shrink -14.3%.
The average estimate for revenue is $417.5 million. On the bottom line, the average EPS estimate is $0.12.
Last quarter, Covanta Holding booked revenue of $392.0 million. GAAP reported sales were 4.0% higher than the prior-year quarter's $377.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at -$0.09. GAAP EPS were -$0.09 for Q1 against $0.90 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 31.9%, 380 basis points better than the prior-year quarter. Operating margin was 2.8%, 120 basis points better than the prior-year quarter. Net margin was -3.1%, 3,840 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.67 billion. The average EPS estimate is $0.59.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Covanta Holding is outperform, with an average price target of $20.00.
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The article What Does Wall Street See for Covanta Holding's Q2? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Covanta Holding. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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