Equity Profile

CLH

Clean Harbors, Inc.

IndustrialsEnvironmental & Facilities Services$16.9B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Clean Harbors, Inc. is a leading provider of environmental and facilities services, focusing on waste management and recycling....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and investor returns.

$3.21

Revenue

Revenue growth reflects the company's ability to generate sales and expand its market presence.

$1.7B

Wall Street expectations, options signals, track record, and call prep available with Pro.

CLH Q2-2026 Earnings Preview

Context

Company Snapshot

Clean Harbors, Inc. is a leading provider of environmental and facilities services, focusing on waste management and recycling. Operating in the industrial sector, the company plays a crucial role in helping businesses comply with environmental regulations and manage their waste responsibly.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+4.05%

Avg Stock Reaction

-3.45%

Last Quarter Recap

In Q1-2026, Clean Harbors reported an EPS of $1.19, slightly beating estimates. However, the stock fell 8.20% the following day, indicating market disappointment despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Clean Harbors to report solid earnings, with a consensus EPS of $3.21. The market is closely watching for any signs of revenue growth amid economic uncertainties.

Bull Case

If Clean Harbors exceeds EPS expectations and shows strong revenue growth, it could signal robust demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if the company misses EPS estimates or provides weak guidance, it could raise concerns about its growth prospects, resulting in a negative market response.

Key Metrics to Watch

EPS

$3.21

Earnings per share is a key indicator of profitability and investor returns.

Revenue

$1.7B

Revenue growth reflects the company's ability to generate sales and expand its market presence.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Clean Harbors achieve an EPS of $3.21 or better?

This specific EPS target is crucial as it will determine market sentiment and could influence stock performance significantly.

What guidance will management provide regarding revenue growth?

Investors will be keen to understand the company's outlook on revenue, especially in the current economic climate, as it will impact future growth expectations.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may be underestimating Clean Harbors' ability to leverage increased environmental regulations, which could lead to higher demand for its services.

Supporting Evidence

The company's historical EPS beat rate of 75% suggests it often exceeds expectations.

Options are pricing a 15.57% move, indicating significant market anticipation that may not align with historical performance.

Recent trends in environmental policies may boost demand for Clean Harbors' services more than analysts expect.

Key Risk

If revenue growth significantly outpaces expectations, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Clean Harbors' ability to maintain profitability and revenue growth amidst economic challenges.

Bull Confirmed If

An EPS of $3.21 or higher, coupled with revenue exceeding $1.7B, would confirm the bull case.

Bear Confirmed If

An EPS below $2.99 or revenue falling short of $1.7B would validate the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±15.57%

Historical Avg

±5.7%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate volatility around the earnings announcement.

Options are pricing ±15.6% while CLH has averaged ±5.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

34.3%

Calls (400)P/C Ratio: 0.25Puts (100)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

This setup has occurred 30 times across Industrials in the last 2 years. 18 of 24 (75%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.8%, with a raw directional average of +1.9% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Clean Harbors beats expectations, history suggests the stock could see an average one-day move of +0.89%, confirming strong demand and growth potential.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

A miss could lead to a significant drop, with history indicating an average one-day move of -11.10%, raising concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new contracts or partnerships that could drive revenue growth.
2Management's commentary on cost management and operational efficiency.
3Insights into market demand for environmental services in light of new regulations.
4Guidance on future capital expenditures and investments in technology.
5Any changes in customer demand trends or shifts in service offerings.

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Company Snapshot

Clean Harbors, Inc. is a leading provider of environmental and facilities services, focusing on waste management and recycling....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and investor returns.

$3.21

Revenue

Revenue growth reflects the company's ability to generate sales and expand its market presence.

$1.7B

Wall Street expectations, options signals, track record, and call prep available with Pro.

CLH Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+4.05%

Avg Stock Reaction

-3.45%

Last Quarter Recap

In Q1-2026, Clean Harbors reported an EPS of $1.19, slightly beating estimates. However, the stock fell 8.20% the following day, indicating market disappointment despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Clean Harbors to report solid earnings, with a consensus EPS of $3.21. The market is closely watching for any signs of revenue growth amid economic uncertainties.

Bull Case

If Clean Harbors exceeds EPS expectations and shows strong revenue growth, it could signal robust demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if the company misses EPS estimates or provides weak guidance, it could raise concerns about its growth prospects, resulting in a negative market response.

Key Metrics to Watch

EPS

$3.21

Earnings per share is a key indicator of profitability and investor returns.

Revenue

$1.7B

Revenue growth reflects the company's ability to generate sales and expand its market presence.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Clean Harbors achieve an EPS of $3.21 or better?

This specific EPS target is crucial as it will determine market sentiment and could influence stock performance significantly.

What guidance will management provide regarding revenue growth?

Investors will be keen to understand the company's outlook on revenue, especially in the current economic climate, as it will impact future growth expectations.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may be underestimating Clean Harbors' ability to leverage increased environmental regulations, which could lead to higher demand for its services.

Supporting Evidence

The company's historical EPS beat rate of 75% suggests it often exceeds expectations.

Options are pricing a 15.57% move, indicating significant market anticipation that may not align with historical performance.

Recent trends in environmental policies may boost demand for Clean Harbors' services more than analysts expect.

Key Risk

If revenue growth significantly outpaces expectations, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Clean Harbors' ability to maintain profitability and revenue growth amidst economic challenges.

Bull Confirmed If

An EPS of $3.21 or higher, coupled with revenue exceeding $1.7B, would confirm the bull case.

Bear Confirmed If

An EPS below $2.99 or revenue falling short of $1.7B would validate the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±15.57%

Historical Avg

±5.7%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate volatility around the earnings announcement.

Options are pricing ±15.6% while CLH has averaged ±5.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

34.3%

Calls (400)P/C Ratio: 0.25Puts (100)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Clean Harbors beats expectations, history suggests the stock could see an average one-day move of +0.89%, confirming strong demand and growth potential.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

A miss could lead to a significant drop, with history indicating an average one-day move of -11.10%, raising concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new contracts or partnerships that could drive revenue growth.
2Management's commentary on cost management and operational efficiency.
3Insights into market demand for environmental services in light of new regulations.
4Guidance on future capital expenditures and investments in technology.
5Any changes in customer demand trends or shifts in service offerings.