Analyst Consensus ?
ConsensusBuy26 ratings
Bullish1973.1%
Neutral726.9%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Clean Harbors, Inc. · CLH · FY2026 Q2 · Calendar Q3 2026
Clean Harbors raises guidance after record Q2 margin
Clean Harbors' record Q2 execution and raised guidance support the growth case, while long-term disposal demand, PFAS work, and data-center services broaden the opportunity set. The key test is whether management can execute these expansions without losing margin discipline.
Reported Before market openNYSEIndustrials
$16.54B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.22
Consensus $2.81
EPS surprise
+14.6%
Reported versus consensus
Reported revenue
$1.74B
Consensus $1.64B
Revenue surprise
+5.7%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+7.5%
Event window
SPY move
-1.5%
Same window
Abnormal move
+9.0%
Stock minus SPY
Volume
3.5×
Versus trailing sessions
Subsequent drift
-3.9%
Up to 20 sessions
CLHSPY benchmark
Ask FN2 about CLH FY2026 Q2
Transcript, numbers and history already loaded
Why did CLH rise 7.5% after beating EPS estimates in FY2026 Q2?What changed in CLH's guidance and outlook in FY2026 Q2?Give me the bull and bear case for CLH after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management reported stronger Q2 results, raised full-year EBITDA guidance, and added a large disposal contract, a data-center solution, and the ES&H acquisition to the growth narrative.
Guidance delta
Management raised 2026 adjusted EBITDA guidance by $110 million to $1.35-$1.41 billion.
Key takeaways
- Q2 revenue increased 12% to $1.74 billion, while adjusted EBITDA margin reached a company record of 23.6%.
- Environmental Services utilization and pricing remained strong, with incinerator utilization at 91%.
- A 10-year, $600 million disposal contract and a data-center services initiative add longer-duration growth opportunities.
Management priorities
- Expand disposal capacity and field-service coverage, including through the ES&H and Western Oil acquisitions.
- Deploy $50 million of capex for data-center equipment, tankage, and vehicles.
- Continue pursuing long-term disposal contracts, cross-selling opportunities, share repurchases, and a low-leverage balance sheet.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$313.27Current
$118Low
$308.42Average
$390High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 29, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Baird | Outperform | Outperform | Maintain | Oct 22, 2026 |
| UBS | Buy | Neutral | Upgrade | Oct 21, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 15, 2026 |
| TD Cowen | Buy | Buy | Maintain | Oct 14, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 8, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 31, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jul 30, 2026 |
| Stifel | Buy | Buy | Maintain | Jul 30, 2026 |
| Needham | Buy | Buy | Maintain | Jul 30, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jul 8, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | May 7, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Apr 8, 2026 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Oct 30, 2025 |
| CJS Securities | Market Outperform | Market Perform | Upgrade | Sep 21, 2021 |
| Berenberg | Buy | Hold | Upgrade | Jan 21, 2021 |
| Stifel Nicolaus | Buy | Buy | Maintain | Sep 25, 2018 |
| Canaccord Genuity | Buy | Hold | Upgrade | May 3, 2018 |
| KeyBanc | Overweight | Downgrade | Aug 3, 2017 | |
| Macquarie | Neutral | Neutral | Maintain | Aug 26, 2016 |
| Imperial Capital | Outperform | Outperform | Maintain | Mar 1, 2016 |
| Wedbush | Outperform | Neutral | Upgrade | Nov 17, 2014 |
| BB&T Capital | Hold | Buy | Downgrade | Sep 5, 2014 |
| Boenning & Scattergood | Neutral | Outperform | Downgrade | May 8, 2014 |
| Wunderlich Securities | Buy | Buy | Maintain | May 6, 2014 |
| Wunderlich | Buy | Buy | Maintain | May 6, 2014 |
| RBC Capital | Outperform | Top Pick | Downgrade | Mar 12, 2014 |
| Credit Suisse | Neutral | Outperform | Downgrade | Nov 12, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $313.27. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Robert W. Baird | Analyst unavailable | $365 | $319.26 | +16.5% | Oct 22, 2026 |
| UBS | Analyst unavailable | $375 | $316.28 | +19.7% | Oct 21, 2026 |
| BMO Capital | Analyst unavailable | $364 | $319.48 | +16.2% | Oct 15, 2026 |
| Barclays | Analyst unavailable | $335 | $315.54 | +6.9% | Oct 8, 2026 |
| Oppenheimer | Noah Kaye | $350 | $326.34 | +11.7% | Jul 30, 2026 |
| Needham | James Ricchiuti | $390 | $326.34 | +24.5% | Jul 30, 2026 |
| Wells Fargo | Analyst unavailable | $377 | $326.34 | +20.3% | Jul 30, 2026 |
| Raymond James | Patrick Tyler Brown | $375 | $326.34 | +19.7% | Jul 30, 2026 |
| Barclays | Analyst unavailable | $325 | $326.34 | +3.7% | Jul 30, 2026 |
| Industrial Alliance Securities | Analyst unavailable | $356 | $326.34 | +13.6% | Jul 29, 2026 |
| Truist Financial | Analyst unavailable | $350 | $306.68 | +11.7% | Jul 22, 2026 |
| BMO Capital | Jeffrey Silber | $342 | $297.93 | +9.2% | Jul 8, 2026 |
| UBS | Analyst unavailable | $315 | $307.48 | +0.6% | May 14, 2026 |
| Barclays | William Grippin | $304 | $291.15 | -3.0% | May 11, 2026 |
| Truist Financial | Tobey Sommer | $325 | $304.09 | +3.7% | Apr 20, 2026 |
| Robert W. Baird | David Manthey | $350 | $296 | +11.7% | Apr 16, 2026 |
| Raymond James | Analyst unavailable | $320 | $278.61 | +2.1% | Feb 23, 2026 |
| Barclays | Analyst unavailable | $280 | $284.69 | -10.6% | Feb 23, 2026 |
| Needham | James Ricchiuti | $308 | $284.05 | -1.7% | Feb 19, 2026 |
| Robert W. Baird | Analyst unavailable | $300 | $285.6 | -4.2% | Feb 19, 2026 |
| Truist Financial | Analyst unavailable | $310 | $280.42 | -1.0% | Feb 19, 2026 |
| Oppenheimer | Analyst unavailable | $300 | $276.25 | -4.2% | Feb 19, 2026 |
| BMO Capital | Devin Dodge | $310 | $276.25 | -1.0% | Feb 18, 2026 |
| Oppenheimer | Noah Kaye | $283 | $261.46 | -9.7% | Jan 23, 2026 |
| Wells Fargo | Jerry Revich | $248 | $261.46 | -20.8% | Jan 23, 2026 |
| Goldman Sachs | Adam Bubes | $253 | $264.08 | -19.2% | Jan 20, 2026 |
| Needham | Analyst unavailable | $290 | $264.08 | -7.4% | Jan 20, 2026 |
| Goldman Sachs | Adam Bubes | $228 | $217.04 | -27.2% | Nov 24, 2025 |
| Wells Fargo | Analyst unavailable | $220 | $204.29 | -29.8% | Nov 13, 2025 |
| UBS | Jon Windham | $240 | $213.79 | -23.4% | Oct 31, 2025 |
| Barclays | William Grippin | $230 | $217.92 | -26.6% | Oct 30, 2025 |
| Oppenheimer | Noah Kaye | $237 | $217.92 | -24.3% | Oct 30, 2025 |
| Raymond James | Patrick Tyler Brown | $270 | $217.92 | -13.8% | Oct 30, 2025 |
| UBS | Jon Windham | $245 | $231.85 | -21.8% | Oct 16, 2025 |
| Raymond James | Patrick Tyler Brown | $280 | $228.34 | -10.6% | Oct 6, 2025 |
| Barclays | Analyst unavailable | $253 | $237.14 | -19.2% | Sep 18, 2025 |
| BMO Capital | Analyst unavailable | $268 | $230.93 | -14.5% | Jul 30, 2025 |
| Truist Financial | Tobey Sommer | $250 | $208.38 | -20.2% | Apr 22, 2025 |
| BMO Capital | Jeffrey Silber | $273 | $233.7 | -12.9% | Oct 31, 2024 |
| Oppenheimer | Noah Kaye | $270 | $257.08 | -13.8% | Oct 21, 2024 |
| Oppenheimer | Noah Kaye | $252 | $238.73 | -19.6% | Aug 1, 2024 |
| Oppenheimer | Noah Kaye | $245 | $221.67 | -21.8% | Jun 13, 2024 |
| Robert W. Baird | David Manthey | $235 | $194.64 | -25.0% | Apr 16, 2024 |
| Stifel Nicolaus | Michael Hoffman | $220 | $196.77 | -29.8% | Apr 15, 2024 |
| BMO Capital | Jeffrey Silber | $225 | $200.57 | -28.2% | Mar 28, 2024 |
| Truist Financial | Tobey Sommer | $200 | $167.67 | -36.2% | Aug 3, 2023 |
| Needham | James Ricchiuti | $182 | $167.58 | -41.9% | Jul 7, 2023 |
| Truist Financial | Tobey Sommer | $165 | $143.4 | -47.3% | Apr 18, 2023 |
| Stifel Nicolaus | Analyst unavailable | $145 | $116.78 | -53.7% | Sep 2, 2022 |
| BMO Capital | Analyst unavailable | $124 | $106.92 | -60.4% | Aug 4, 2022 |
| Raymond James | Analyst unavailable | $145 | $108.15 | -53.7% | Aug 4, 2022 |
| Needham | Analyst unavailable | $140 | $108.15 | -55.3% | Aug 4, 2022 |
| Berenberg Bank | Alexander Leach | $118 | $101.67 | -62.3% | Aug 24, 2021 |
| Oppenheimer | Noah Kaye | $105 | $90.73 | -66.5% | Jun 29, 2021 |
Track every rating change on CLH the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationClean Harbors, Inc. delivers a comprehensive range of environmental and industrial services across North America. The company is structured into two primary divisions: Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment manages the entire lifecycle of waste, from collection and transportation to treatment and final disposal of both hazardous and non-hazardous materials. This involves employing various techniques including resource reclamation, physical processing, fuel blending, incineration, secure landfilling, wastewater purification, and the proper handling of laboratory chemicals and explosive materials. Its specialized CleanPack services meticulously manage the collection, identification, categorization, bespoke packaging, transportation, and ultimate disposal of sensitive laboratory chemicals and household hazardous waste.…
Historical context
All CLH earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| LII Lennox International Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -10.6% | Lennox cuts outlook as pricing and tariffs pressure margins |
| IEX IDEX Corporation | FY2026 Q3 · Calendar Q4 2026 | — | +2.3% | IDEX raises 2026 outlook as advantage-market demand stays strong |
| CHRW C.H. Robinson Worldwide, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -11.1% | C.H. Robinson: Lean AI, RXO and Margin Expansion |
| CR Crane Company | FY2026 Q3 · Calendar Q4 2026 | +12.6% | +2.9% | Crane posts record Q3 and raises full-year EPS guidance |
| VRT Vertiv Holdings Co | FY2026 Q3 · Calendar Q4 2026 | — | +16.5% | Vertiv raises 2026 outlook as AI infrastructure demand accelerates |
| FER Ferrovial N.V. | FY2026 Q3 · Calendar Q4 2026 | — | +7.3% | Ferrovial: Core infrastructure growth and new U.S. awards stand out |
Latest beats and misses
Who reports nextBeat on EPS
- TMUSFY2026 Q3 · October 28, 2026+11.4% EPS+0.9% move
- AVTRFY2026 Q3 · October 28, 2026+5.3% EPS-2.6% move
- DBFY2026 Q3 · October 28, 2026+18.2% EPS+4.3% move
- FMXFY2026 Q2 · October 28, 2026+5.8% EPS-0.5% move
- EVRFY2026 Q3 · October 28, 2026+69.8% EPS+12.5% move
- EXEFY2026 Q3 · October 27, 2026+13.2% EPS-3.2% move
Missed on EPS
- UMCFY2026 Q3 · October 28, 2026-8.7% EPS-3.2% move
- EQNRFY2026 Q3 · October 28, 2026-13.0% EPS+1.3% move
- SWFY2026 Q3 · October 28, 2026-29.5% EPS-5.2% move
- UBSFY2026 Q3 · October 28, 2026-6.6% EPS-0.2% move
- WPCFY2026 Q3 · October 27, 2026-12.9% EPS-1.1% move
- WMFY2026 Q3 · October 27, 2026-1.4% EPS-3.2% move
Get the CLH recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-08-06T00:08:50.605224+00:00
- FN2 earnings calendar · 2026-09-03T01:23:14.877038+00:00
- Polygon adjusted daily market bars · 2026-10-29T02:40:42.102408+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-29T02:40:42.099640+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-29. For educational purposes only; not investment advice.