GFL Environmental Holdings Inc (GFL:CA) continues to attract investor attention ahead of its upcoming Q4 and full-year 2024 earnings release.
With a robust operational track record, a strategic focus on margin expansion, and continued deleveraging, the company is poised to report its results on February 24, 2025, followed by an investor conference call the next day.
These developments come as GFL prepares to build on its recent successes in solid waste pricing and environmental services performance.
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Expected Q4 Earnings Report of GFL Environmental Holdings Inc:
Analysts and company guidance point to a promising set of results for 2024. In its previous updates, GFL provided full-year guidance that includes:
- Revenue: An estimated total of approximately CAD 8,000 million.
- Adjusted EBITDA: Projected at around CAD 2,215 million, reflecting an expected margin expansion to about 27.7%.
- Adjusted Free Cash Flow: Forecast to be close to CAD 800 million.
These figures are underpinned by expected solid waste core pricing increases between 6.0% and 6.5% and mid-single-digit organic growth in the Environmental Services segment.
Stock Target Advisor’s Analysis on GFL Environmental Holdings Inc:
GFL Environmental Holdings Inc. has received a Neutral rating from Stock Target Advisor based on six positive and six negative signals.
Additionally, the stock has an average analyst target price of CAD 67.79, with targets ranging from CAD 44 to CAD 85 over the next 12 months. Recent performance has been strong, with a one-year total return of +34.86%.
Latest Analyst Ratings:
- Scotia Capital: Target CAD 50, Rating: Target Down.
- Jefferies & Company: Target CAD 54, Rating: Buy.
- CIBC World Markets: Target CAD 76, Rating: Outperform.
These ratings indicate mixed sentiments, with a significant range of target prices reflecting varied expectations about GFL’s future performance.
Conclusion:
As GFL Environmental Holdings Inc. gears up for its full-year 2024 earnings release, investors are closely monitoring the company’s trajectory. Despite some concerns about leverage and valuation metrics, GFL’s robust guidance for revenue and EBITDA, coupled with its strategic investments, suggests a continued positive trajectory.
The company’s earnings report and upcoming investor day are expected to highlight its ongoing commitment to operational excellence and shareholder value.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
