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. provides environmental and facilities services, focusing on waste management and industrial cleaning....

Key Metrics to Watch

EPS

Earnings per share is a critical indicator of profitability and performance.

$3.21

Revenue

Revenue figures provide insight into the company's overall sales performance and market demand.

$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. provides environmental and facilities services, focusing on waste management and industrial cleaning. As a key player in the industrial sector, it plays a vital role in promoting sustainability and compliance with environmental regulations.

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 expectations. However, the stock dropped 8.20% the following day, indicating market concerns despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Clean Harbors to report strong earnings this quarter, with a consensus EPS of $3.21. However, there are mixed feelings about whether the company can sustain its growth trajectory.

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 fails to meet expectations or shows signs of slowing growth, it could lead to a significant decline in stock price, as seen in previous quarters.

Key Metrics to Watch

EPS

$3.21

Earnings per share is a critical indicator of profitability and performance.

Revenue

$1.7B

Revenue figures provide insight into the company's overall sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

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

This specific EPS target is crucial for market sentiment and could determine the stock's immediate reaction.

What will be the revenue figure compared to the consensus of $1.7B?

Revenue performance is key to understanding demand for Clean Harbors' services and overall business health.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may be underestimating Clean Harbors' potential for revenue growth due to increased regulatory pressures driving demand for environmental services.

Supporting Evidence

The company has a strong track record of beating EPS estimates, with a 75% success rate over the last eight quarters.

Options pricing suggests a larger move than historical averages, indicating heightened expectations for volatility.

Recent trends in environmental regulations may lead to increased demand for Clean Harbors' services, which the consensus may not fully account for.

Key Risk

If revenue exceeds $1.8B, it could challenge the current bearish sentiment and shift market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Clean Harbors' ability to maintain growth amidst fluctuating demand in the environmental services sector.

Bull Confirmed If

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

Bear Confirmed If

An EPS below $2.99 or revenue below $1.7B would confirm 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 traders expect 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 +1.87%, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, management's commentary will be critical, likely leading to a muted response from the market.

Miss

A miss could result in a significant drop, with history indicating an average one-day move of -11.10% following earnings misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new contracts or projects that could drive future revenue.
2Insights into cost management strategies and their impact on margins.
3Management's outlook on regulatory changes and their potential effects on demand.
4Details on operational efficiencies that could enhance profitability.
5Any commentary on competitive pressures in the environmental services sector.

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Company Snapshot

Clean Harbors, Inc. provides environmental and facilities services, focusing on waste management and industrial cleaning....

Key Metrics to Watch

EPS

Earnings per share is a critical indicator of profitability and performance.

$3.21

Revenue

Revenue figures provide insight into the company's overall sales performance and market demand.

$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 expectations. However, the stock dropped 8.20% the following day, indicating market concerns despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Clean Harbors to report strong earnings this quarter, with a consensus EPS of $3.21. However, there are mixed feelings about whether the company can sustain its growth trajectory.

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 fails to meet expectations or shows signs of slowing growth, it could lead to a significant decline in stock price, as seen in previous quarters.

Key Metrics to Watch

EPS

$3.21

Earnings per share is a critical indicator of profitability and performance.

Revenue

$1.7B

Revenue figures provide insight into the company's overall sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

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

This specific EPS target is crucial for market sentiment and could determine the stock's immediate reaction.

What will be the revenue figure compared to the consensus of $1.7B?

Revenue performance is key to understanding demand for Clean Harbors' services and overall business health.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may be underestimating Clean Harbors' potential for revenue growth due to increased regulatory pressures driving demand for environmental services.

Supporting Evidence

The company has a strong track record of beating EPS estimates, with a 75% success rate over the last eight quarters.

Options pricing suggests a larger move than historical averages, indicating heightened expectations for volatility.

Recent trends in environmental regulations may lead to increased demand for Clean Harbors' services, which the consensus may not fully account for.

Key Risk

If revenue exceeds $1.8B, it could challenge the current bearish sentiment and shift market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Clean Harbors' ability to maintain growth amidst fluctuating demand in the environmental services sector.

Bull Confirmed If

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

Bear Confirmed If

An EPS below $2.99 or revenue below $1.7B would confirm 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 traders expect 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 +1.87%, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, management's commentary will be critical, likely leading to a muted response from the market.

Miss

A miss could result in a significant drop, with history indicating an average one-day move of -11.10% following earnings misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new contracts or projects that could drive future revenue.
2Insights into cost management strategies and their impact on margins.
3Management's outlook on regulatory changes and their potential effects on demand.
4Details on operational efficiencies that could enhance profitability.
5Any commentary on competitive pressures in the environmental services sector.