The Zacks Analyst Blog Highlights Clean Harbors, Core & Main, and Sims
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For Immediate Release
Chicago, IL – April 13, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Clean Harbors, Inc. CLH, Core & Main, Inc.CNM and Sims Ltd. SMSMY.
Here are highlights from Tuesday’s Analyst Blog:
3 Waste Removal Service Stocks to Buy as Business Picks Up
The gradual resumption of business activities and reopening of the economy have led to increased waste production from industrial and commercial sectors. Notably, rising environmental concerns, rapid industrialization, increase in population and an expected increase in non-hazardous waste will remain key drivers of the industry, given the significant rise in garbage and recycling.
Also, technology adoption and the use of advanced collection and recycling solutions are expected to pick up pace. This should enhance business opportunities for waste management companies.
Government initiatives as well as stringent rules and regulations to advance sustainable waste management mechanisms and put a check on illegal dumping are also expected to boost the industry in 2022.
According to an Allied Market Research report, the global waste management market is expected to reach $2,483.0 billion by 2030 from $1,612.0 billion in 2020, witnessing a CAGR of 3.4% from 2021 to 2030.
Clean Harbors, Inc., Core & Main, Inc., and Sims Ltd. are some of the stocks that are likely to gain from the above-mentioned favorable industry trends.
3 Waste Management Stocks to Embrace Now
Given this encouraging backdrop, it would be a good idea to zero in on clean-up companies that have strong growth potential for 2022. Here we present three promising waste management stocks, which have a Zacks Rank #2 (Buy), a VGM Score of A or B, a solid expected earnings growth rate for the current year and have also witnessed upward estimate revisions in the past 90 days. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best investment opportunities for investors. Thus, the selected companies appear to be compelling investment propositions at the moment.
Clean Harbors: This Massachusetts-based company provides environmental, and industrial services in North America.
Clean Harbors focuses on improving its efficiency and lowering operating costs through enhanced technology, process efficiencies and stringent cost management. It continues to make capital investments to enhance its service quality and comply with government and local regulations. Buyouts help the company expand its business across multiple lines of services. Consistency in rewarding its shareholders through share buybacks boost investor confidence and positively impact earnings per share.
Clean Harbors carries a Zacks Rank #2 and has a VGM Score of B. The Zacks Consensus Estimate for Clean Harbors’ 2022 EPS has moved up 21% in the past 90 days. Its expected earnings growth rate for the current year is 17%. Clean Harbors has a trailing four-quarter earnings surprise of 43.2%, on average.
Clean Harbors stock has gained 25.3% over the past year.
Clean Harbors, Inc. price-consensus-eps-surprise-chart | Clean Harbors, Inc. Quote
Core & Main: This Missouri-based company distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States.
Core & Main has been benefiting from solid demand across each of its end markets, higher average selling prices, robust market volume growth, share gains from sales initiatives, contributions from acquisitions and a favorable pricing environment. The company’s active M&A strategy has been helping it expand into new geographies, access new product lines, consolidate existing market positions and add key talent. In addition, higher net sales and cost-control initiatives will likely drive margins.
Core & Main carries a Zacks Rank #2 and has a VGM Score of A. The Zacks Consensus Estimate for Core & Main’s 2022 EPS has moved up 4.9% in the past 90 days. Its expected earnings growth rate for the current year is 53%. Core & Main has a trailing four-quarter earnings surprise of 20.7%, on average.
Core & Main, Inc. price-consensus-eps-surprise-chart | Core & Main, Inc. Quote
Sims Limited: This Australia-based company engages in buying, processing, and selling ferrous and non-ferrous recycled metals in Australia, Bangladesh, China, Turkey, the United States, and internationally.
Sims looks strong on the back of solid intake and sales volume growth, margin expansion, material improvement in market prices and cost reduction.
Sims carries a Zacks Rank #2 and has a VGM Score of A. The Zacks Consensus Estimate for Sims’ 2022 EPS has moved up 33.1% in the past 90 days. Its expected earnings growth rate for the current year is 61.7%.
Sims stock has gained 49.9% over the past year.
Sims Metal Management Ltd. price-consensus-eps-surprise-chart | Sims Metal Management Ltd. Quote
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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