For its first fiscal quarter (ending March 31), Clean Harbors Inc (NYSE: CLH) has reported a -4% decline in E.P.S. from $1.34 a year ago to $1.29 in the current quarter. Relative to the consensus estimate of $1.58, this was a shortfall of $-0.29. For the latest four quarters through March 31, E.P.S. were $6.94 compared to $8.11 a year ago — a decline of -14%.
Recent Price Action
Clean Harbors Inc (NYSE: CLH) stock enjoyed a very large increase of 6.8% on 5/1/24. The shares closed at $202.36. Moreover, this advance was accompanied by exceptionally high trading volume at 258% of normal. The stock has been strong relative to the market over the last nine months and has risen 0.7% during the last week.
Current PriceTarget Research Rating
CLH is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Clean Harbors has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Clean Harbors has a slightly negative Appreciation Score of 34 but a good Power Rating of 72, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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