GFL - GFL Environmental Inc. Reports Break-Even Earnings for Q1 | Benzinga
GFL Environmental Inc. (NYSE: GFL) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this company would post earnings of $0.18 per share when it actually produced earnings of $0.04, delivering a surprise of -77.78%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
GFL Environmental, which belongs to the Zacks Waste Removal Services industry, posted revenues of $1.34 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 1.82%. This compares to year-ago revenues of $1.33 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
GFL Environmental shares have lost about 7.6% since ...