Brightview Holdings Inc is a leading provider of landscape services in the United States, specializing in commercial landscaping and maintenance
The company offers a broad range of services, including landscape design, installation, and maintenance, as well as irrigation and tree care. By focusing on enhancing the natural beauty of outdoor spaces, Brightview serves a diverse clientele, including municipalities, commercial properties, and residential communities. The company's commitment to sustainability and customer service positions it as a trusted partner in transforming and maintaining quality landscapes across the country.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how environmental and facilities services stocks fared in Q3, starting with BrightView (NYSEBV).
Over the past six months, BrightView has been a great trade, beating the S&P 500 by 17.9%. Its stock price has climbed to $15.99, representing a healthy 25.4% increase. This run-up might have investors contemplating their next move.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the environmental and facilities services industry, including Rollins (NYSEROL) and its peers.
Diversified industrial and facilities services company ABM Industries (NYSEABM)
will be reporting earnings tomorrow before the bell. Here’s what you need to know.
Shares of landscaping service company BrightView (NYSEBV)
fell 14.6% in the afternoon session after the company reported underwhelming third-quarter results. Sales narrowly topped analysts' revenue expectations, and its Maintenance revenue missed. The weak sales were mostly attributed to a shortfall in commercial landscape services and reductions in non-core businesses and ancillary services. In addition, its EPS fell short of Wall Street's estimates. Guidance was also mixed. Full-year revenue guidance was in line while full-year EBITDA guidance missed. Overall, this was a challenging quarter.
Landscaping service company BrightView (NYSEBV) announced better-than-expected revenue in Q3 CY2024, but sales fell 2% year on year to $728.7 million. The company expects the full year’s revenue to be around $2.80 billion, close to analysts’ estimates. Its non-GAAP profit of $0.30 per share was 1.8% below analysts’ consensus estimates.
As of April 1, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Companies Reporting Before The Bell • Children's Place (NASDAQPLCE) is projected to report quarterly earnings at $3.56 per share on revenue of $471.82 million.
