Stericycle, Inc. SRCL shares burst into flames, surging a blistering 13.1% in the past month. The stock’s eruption startled onlookers, significantly outstripping the 2.7% increase of the illustrious industry it belongs to, and the 5.3% rise of the Zacks S&P 500 composite.
Sizzling Growth Sparks Fierce Debates
The services that Stericycle provides resemble an unyielding inferno, required on a scheduled basis, allowing the company to forge a river of revenues. With stalwart resolve, it has forged indomitable customer relationships, most of which glow brightly with long-term contracts spanning from three to five years. This fiery intensity has enabled it to etch a remarkable revenue retention rate of around 90%.
Riding on the Fiery Trail
Stericycle has strode forth with unrivaled determination to accomplish its pivotal objectives, including stoking the flames of revenue quality, igniting operational efficiency through work measurement, fanning the flames of asset optimization, kindling technological advancements, casting off non-essential parts through divestitures, quenching debt, and stoking the embers of ERP implementation.
SRCL is primed to reap the benefits of ongoing trends, such as the escalating inferno of environmental concerns, rapid industrialization fueling the flames, an increase in population stoking the fire, and intense government efforts to quash illegal dumping.
Fiery Stocks to Consider
Stericycle currently carries a Zacks Rank #3 (Hold).
Here are some fiery hot stocks from the broader Business Service sector.
Rollins ROL currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for earnings in the fiery fourth quarter of 2023 is estimated to blaze at 20 cents per share, indicating a year-over-year growth of 17.7%. You can witness the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
ROL has a scorching earnings surprise history, inflaming the consensus mark in three of the four trailing quarters, with one scorched match, and an average surprise temperature of 7.2%.
FTI Consulting FCN also carries a Zacks Rank of 2. The consensus mark for the flaming inferno of the fourth quarter of 2023 earnings is expected to soar at $1.57 per share, indicating a 3.3% year-over-year graciousness.
FCN has a fiery earnings surprise history, engulfing the consensus mark in three of the four trailing quarters, and missing once, with an average surprise pyre of 8.5%.
Flames of Zacks Semiconductor Stock
It’s only 1/9,000th the size of NVIDIA, which soared more than +800% since we recommended it. Although NVIDIA is still burning bright, our new top chip stock has much more room to blaze. With intense earnings growth and a burgeoning customer base, it’s poised to stoke the fervent demand for Artificial Intelligence, Machine Learning, and Internet of Things. The global semiconductor forge is projected to erupt from $452 billion in 2021 to a scorching $803 billion by 2028.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.