Stericycle shares jumped 14.6% after acquisition news by Waste Management for $7.2 billion
From Nasdaq: 2024-06-04 15:36:00
Stericycle (SRCL) shares surged 14.6% to $59.05 after news of its acquisition by Waste Management for $7.2 billion. Expected quarterly earnings are $0.57 per share, a 32.6% increase from last year. Positive earnings revisions can lead to price appreciation, making SRCL a stock to watch. Waste Management’s stock, meanwhile, dropped 4.5% to $201.30.
Stericycle and Waste Management are part of the Waste Removal Services industry. Waste Management is expected to report $1.81 EPS, up 19.9% from last year. Both companies hold a Zacks Rank of #3 (Hold). For potential investment opportunities, see Zacks’ 5 Stocks Set to Double report featuring picks with the potential for over 100% gains.
Investors should consider the current trends in Stericycle and Waste Management stocks, as well as the industry outlook. Stay informed with Zacks Investment Research’s recommendations and free stock analysis reports for a comprehensive understanding of the market landscape. Keep an eye on the latest developments to make informed investment decisions.
Read more at Nasdaq: Strength Seen in Stericycle (SRCL): Can Its 14.6% Jump Turn into More Strength?