U.S. Ecology (ECOL) Misses Q2 EPS by 14c, Miss on Revenues; Offers FY17 EPS Outlook

U.S. Ecology (NASDAQ: ECOL) reported Q2 EPS of $0.23, $0.14 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $126.1 million versus the consensus estimate of $128.37 million.

"Overall, business conditions remain consistent with our expectations," added Feeler. "We have seen a return to growth in our Event Business during the second quarter and our Base Business continues to perform in line with our expectations of 3-5% growth for the full year. Our pipeline of opportunities is expanding and we continue to project significant financial improvement during the second half of the year. We also expect to receive between $2.5 and $3.5 million of insurance proceeds in the second half of the year, related to lost profit for the shutdown of our treatment facility during the second quarter. We do remain cautious however, due to continuing shifting of certain projects from our third quarter to our fourth quarter of the year, creating the potential for further slippage into the first quarter of 2018."

Guidance:

U.S. Ecology sees FY2017 EPS of $1.69-$1.93, versus the consensus of $1.73.

For earnings history and earnings-related data on U.S. Ecology (ECOL) click here.

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