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Covanta schedules 4Q16 report and more ?4

09:05 01-Feb-17


Covanta has scheduled the report of its results for the fourth quarter to take place after market close on February 15th.  Average analyst expectations come in at twelve and a half cents of EPS on revenue of $425M, with the current quarter projected at $411M in sales.  Fuel prices were choppy in the fourth quarter but relatively steady this year, whereas metals have been unexpectedly on the rise throughout.  These are minor factors, but I'm looking for decent results and slightly positive guidance, as well as any updates on metals and medical processing.

As already mentioned, I'll also be taking at least a quick look tomorrow's hearing on the plant in Maryland.  I expect this to be of trivial importance, but want to cover all bases.  Although there is often a NIMBY response to waste-to-energy plants, they reduce both landfill and emissions better than any other disposal solution I've seen.  The case to mainly expand outside the U.S. might even change with less EPA regulation.  Most of my attention will go towards the FOMC statement, though there may not be anything worth reporting.