What Happened?

Shares of environmental and industrial services company Clean Harbors (NYSE:CLH) fell 12.4% in the pre-market session after the company reported weak third-quarter earnings with its EBITDA forecast for the full year falling below Wall Street's expectations. The underwhelming forecast partly suggests profitability might be pressured as EPS and EBITDA fell below analysts' estimates during the quarter. In addition, while sales exceeded expectations, the margin was narrow, further dampening investors' optimism. Overall, this was a weaker quarter.

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What The Market Is Telling Us

Clean Harbors’s shares are not very volatile and have only had 4 moves greater than 5% over the last year. Moves this big are rare for Clean Harbors and indicate this news significantly impacted the market’s perception of the business.

Clean Harbors is up 38.2% since the beginning of the year, but at $235.66 per share, it is still trading 10.5% below its 52-week high of $263.39 from October 2024. Investors who bought $1,000 worth of Clean Harbors’s shares 5 years ago would now be looking at an investment worth $2,804.

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