Analyst Consensus ?
ConsensusBuy34 ratings
Bullish1955.9%
Neutral1544.1%
Bearish00.0%
Republic Services, Inc. · RSG · FY2025 Q3 · Calendar Q4 2025
Republic Services pairs steady growth with sustainability and M&A execution
The supplied analysis supports a constructive but conditional view: pricing, retention, productivity, sustainability initiatives, and acquisitions can reinforce growth, while softer Environmental Solutions demand, commodity prices, and execution costs remain meaningful offsets.
Reported After market closeNYSEIndustrials
$64.47B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.90
Consensus $1.83
EPS surprise
+3.8%
Reported versus consensus
Reported revenue
$4.21B
Consensus $4.24B
Revenue surprise
-0.6%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-0.8%
Event window
SPY move
+0.3%
Same window
Abnormal move
-1.1%
Stock minus SPY
Volume
2.0×
Versus trailing sessions
Subsequent drift
+2.8%
Up to 20 sessions
RSGSPY benchmark
Ask FN2 about RSG FY2025 Q3
Transcript, numbers and history already loaded
Why did RSG fall 0.8% after beating EPS estimates in FY2025 Q3?What changed in RSG's guidance and outlook in FY2025 Q3?Give me the bull and bear case for RSG after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis shows a more favorable operating picture than the prior-quarter backdrop: revenue and adjusted EBITDA grew, margins expanded, sustainability projects progressed, and acquisition investment exceeded $1 billion year to date. Environmental Solutions softness remains, but management characterized it as stabilizing.
Guidance delta
Current guidance was not provided in the supplied analysis; the prior-quarter analysis recorded lowered guidance sentiment.
Key takeaways
- Management described 3.3% year-over-year revenue growth, 6.1% adjusted EBITDA growth, and 80-basis-point margin expansion.
- Pricing, customer retention, labor productivity, and acquisitions supported the operating narrative as Environmental Solutions remained softer.
- Polymer Centers, RNG projects, electric vehicles, and recycling acquisitions are the main execution areas to monitor.
Management priorities
- Scale Polymer Centers and Blue Polymers operations.
- Bring RNG projects online and expand the electric collection fleet.
- Continue acquisitions in Recycling & Waste and Environmental Solutions while advancing operational efficiency.
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Miss
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Analyst 52W Price Targets
$212.53Current
$140Low
$233.83Average
$270High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 5, 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 |
|---|---|---|---|---|
| UBS | Neutral | Neutral | Maintain | Aug 11, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 7, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 10, 2026 |
| Argus Research | Hold | Buy | Downgrade | May 11, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | May 8, 2026 |
| Baird | Neutral | Neutral | Maintain | Apr 16, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Apr 10, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Mar 18, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Feb 18, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Feb 18, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jan 23, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Jan 21, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | Jan 5, 2026 |
| B of A Securities | Buy | Buy | Maintain | Dec 22, 2025 |
| Stifel | Buy | Buy | Maintain | Oct 31, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Jul 22, 2025 |
| Truist Securities | Buy | Buy | Maintain | Apr 22, 2025 |
| CIBC | Sector Outperform | Neutral | Upgrade | Mar 4, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Feb 18, 2025 |
| Jefferies | Buy | Buy | Maintain | Jan 23, 2025 |
| Deutsche Bank | Buy | Hold | Upgrade | Dec 10, 2024 |
| TD Cowen | Hold | Hold | Maintain | Aug 5, 2024 |
| Stifel Nicolaus | Buy | Hold | Upgrade | Apr 29, 2019 |
| KeyBanc | Equal Weight | Sector Weight | Maintain | Feb 5, 2019 |
| Bank of America | Neutral | Buy | Downgrade | Oct 24, 2018 |
| Argus | Buy | Hold | Upgrade | May 10, 2018 |
| Credit Suisse | Neutral | Neutral | Maintain | Feb 12, 2018 |
| Macquarie | Neutral | Neutral | Maintain | Aug 25, 2016 |
| Sterne Agee CRT | Neutral | Neutral | Maintain | Mar 22, 2016 |
| Imperial Capital | Outperform | Outperform | Maintain | Jun 5, 2014 |
| Wedbush | Neutral | Outperform | Downgrade | Nov 4, 2013 |
| Wunderlich Securities | Buy | Buy | Maintain | Jul 31, 2013 |
| Wunderlich | Buy | Buy | Maintain | Jul 31, 2013 |
| BB&T Capital | Buy | Hold | Upgrade | Mar 13, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $212.53. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Jon Windham | $235 | $216.85 | +10.6% | Aug 11, 2026 |
| Morgan Stanley | Analyst unavailable | $232 | $217.57 | +9.2% | Aug 7, 2026 |
| UBS | Jon Windham | $223 | $197.73 | +4.9% | May 12, 2026 |
| Barclays | Analyst unavailable | $233 | $200.02 | +9.6% | May 11, 2026 |
| CIBC | Kevin Chiang | $249 | $200.48 | +17.2% | May 8, 2026 |
| Barclays | Analyst unavailable | $227 | $219.5 | +6.8% | Feb 23, 2026 |
| BMO Capital | Analyst unavailable | $248 | $211.33 | +16.7% | Feb 18, 2026 |
| Morgan Stanley | Analyst unavailable | $225 | $212.45 | +5.9% | Feb 18, 2026 |
| Oppenheimer | Analyst unavailable | $255 | $215.75 | +20.0% | Jan 23, 2026 |
| Scotiabank | Analyst unavailable | $242 | $212.97 | +13.9% | Jan 21, 2026 |
| Barclays | Analyst unavailable | $236 | $210.96 | +11.0% | Jan 20, 2026 |
| UBS | Analyst unavailable | $220 | $210.2 | +3.5% | Jan 5, 2026 |
| Goldman Sachs | Adam Bubes | $255 | $219 | +20.0% | Nov 24, 2025 |
| Wells Fargo | Jerry Revich | $238 | $206.02 | +12.0% | Nov 13, 2025 |
| Jefferies | Stephanie Moore | $248 | $205.28 | +16.7% | Nov 3, 2025 |
| Raymond James | Patrick Tyler Brown | $240 | $206.35 | +12.9% | Oct 31, 2025 |
| Scotiabank | Analyst unavailable | $246 | $208.68 | +15.7% | Oct 31, 2025 |
| Robert W. Baird | Analyst unavailable | $240 | $209.62 | +12.9% | Oct 31, 2025 |
| Oppenheimer | Analyst unavailable | $256 | $209.92 | +20.5% | Oct 31, 2025 |
| UBS | Jon Windham | $240 | $221.03 | +12.9% | Oct 16, 2025 |
| Scotiabank | Analyst unavailable | $250 | $225.16 | +17.6% | Oct 10, 2025 |
| Raymond James | Analyst unavailable | $260 | $224.15 | +22.3% | Oct 6, 2025 |
| Stifel Nicolaus | Analyst unavailable | $257 | $229.06 | +20.9% | Sep 29, 2025 |
| Barclays | Analyst unavailable | $240 | $226.71 | +12.9% | Sep 18, 2025 |
| BMO Capital | Analyst unavailable | $284 | $231.69 | +33.6% | Jul 30, 2025 |
| UBS | Analyst unavailable | $260 | $231.69 | +22.3% | Jul 30, 2025 |
| Seaport Global | JOhn Mazzoni | $270 | $250.85 | +27.0% | May 6, 2025 |
| RBC Capital | Analyst unavailable | $266 | $243.56 | +25.2% | Apr 25, 2025 |
| Morgan Stanley | Analyst unavailable | $245 | $243.56 | +15.3% | Apr 25, 2025 |
| Robert W. Baird | David Manthey | $245 | $243.56 | +15.3% | Apr 25, 2025 |
| CIBC | Analyst unavailable | $264 | $235.76 | +24.2% | Mar 5, 2025 |
| Argus Research | John Eade | $260 | $231.37 | +22.3% | Feb 18, 2025 |
| Jefferies | Stephanie Moore | $235 | $198.81 | +10.6% | Oct 30, 2024 |
| Truist Financial | Tobey Sommer | $244 | $202.32 | +14.8% | Oct 30, 2024 |
| Oppenheimer | Noah Kaye | $220 | $204.31 | +3.5% | Oct 30, 2024 |
| Oppenheimer | Noah Kaye | $219 | $204.69 | +3.0% | Oct 21, 2024 |
| BMO Capital | Devin Dodge | $211 | $189.33 | -0.7% | Jul 25, 2024 |
| Deutsche Bank | Faiza Alwy | $203 | $186.48 | -4.5% | May 22, 2024 |
| Stifel Nicolaus | Michael Hoffman | $210 | $185.98 | -1.2% | May 21, 2024 |
| BMO Capital | Jeffrey Silber | $202 | $182.84 | -5.0% | May 1, 2024 |
| RBC Capital | Walter Spracklin | $201 | $183.11 | -5.4% | May 1, 2024 |
| Robert W. Baird | David Manthey | $203 | $191.76 | -4.5% | Apr 23, 2024 |
| RBC Capital | Walter Spracklin | $198 | $188.4 | -6.8% | Apr 8, 2024 |
| Morgan Stanley | Toni Kaplan | $193 | $186.31 | -9.2% | Mar 15, 2024 |
| Morgan Stanley | Analyst unavailable | $144 | $128.68 | -32.2% | Jan 4, 2023 |
| BMO Capital | Analyst unavailable | $148 | $136.9 | -30.4% | Dec 7, 2022 |
| Jefferies | Stephanie Moore | $165 | $134.56 | -22.4% | Oct 24, 2022 |
| Raymond James | Patrick Tyler Brown | $155 | $142.82 | -27.1% | Aug 8, 2022 |
| Bank of America Securities | Michael Feniger | $140 | $133.7 | -34.1% | Oct 29, 2021 |
| Oppenheimer | Noah Kaye | $124 | $117.12 | -41.7% | Jul 30, 2021 |
Track every rating change on RSG the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationRepublic Services, Inc., along with its subsidiaries, delivers comprehensive environmental services across the United States. The company specializes in the collection and processing of recyclable materials, alongside the gathering, transfer, and responsible disposal of non-hazardous solid waste, in addition to other environmental solutions. Its collection activities encompass curbside pickups, facilitating transport to transfer stations, landfills, or recycling facilities; the provision of waste and recycling containers; and compactor rentals. Beyond collection, Republic Services engages in the processing and sale of commodities such as old corrugated containers, newsprint, aluminum, and glass.…
Historical context
All RSG earningsIndustrials peers this season
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Latest beats and misses
Who reports nextBeat on EPS
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Get the RSG recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-05T14:30:45.637554+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-05T14:30:45.634849+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 2026-10-05. For educational purposes only; not investment advice.