Pest control company Rollins (NYSE: ROL) will be reporting results this Wednesday after the bell. Here’s what investors should know.
Rollins beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $999.5 million, up 12.1% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ revenue estimates but EPS in line with analysts’ estimates.
Is Rollins a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Rollins’s revenue to grow 11.6% year on year to $1.02 billion, improving from the 9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.33 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Rollins has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Rollins’s peers in the environmental and facilities services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Waste Connections delivered year-on-year revenue growth of 5.1%, beating analysts’ expectations by 0.5%, and Waste Management reported revenues up 14.9%, falling short of estimates by 0.9%. Waste Connections traded up 2.7% following the results.
Read our full analysis of Waste Connections’s results here and Waste Management’s results here.
There has been positive sentiment among investors in the environmental and facilities services segment, with share prices up 3.8% on average over the last month. Rollins is down 3.9% during the same time and is heading into earnings with an average analyst price target of $59.83 (compared to the current share price of $56.23).
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