--- the subscriber area has no ads and those above are not selected or endorsed by this site ---
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.