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Bull Of The Day: Harsco Corp (HSC)


Harsco Corp (HSC) is a Zacks Rank #1 (Strong Buy) and sports a solid set of style scores. Let's review those style score, the movement in earnings estimates and look forward to next week when the company reports in this Bull of the Day article.


Harsco Corporation is a services and engineered products company. The principal lines of business are: mill services that are provided to steel and non-ferrous metal producers; gas control and containment products; scaffolding services; railway maintenance of way services and equipment; and several other lines of business including, process equipment, industrial grating and bridge decking, industrial pipe fittings, slag abrasives and roofing granules.

Style Scores

At Zacks, we have developed Style Scores to help investors more easily identify growth stocks and value stocks and momentum names. The Momentum Style Score refers mostly to earnings momentum and not to a chart pattern.

HSC as a nice set of scores, with B's for value and momentum. Being the aggressive growth stock strategist for Zacks, I look mostly at growth names and the A that HSC has in growth makes this a stock I have to take a deeper look at.

Earnings Estimates

The Zacks Rank helps investors identify the stocks that have a positive change in earnings estimate revisions. The more positive the revision, the better the Rank.

The recent moves higher this quarter, next quarter, this year and next year's estimates have helped push HSC to a Zacks Rank #1 (Strong Buy).

The quarterly estimates have trickled higher by a penny or two over the course of the last 90 days. This quarter is looking at $0.37 while next quarter is looking for $0.29.

The annual estimates are more heavily weighted in the Rank, and the move from $1.20 to $1.23 over the last 90 days helps, but the real move is in the estimates for next year.

The Zacks Consensus Estimate for 2019 has moved from $1.35 to $1.45 over the last 90 days and that sort of move will get you noticed.

Earnings Next Week

I mentioned that HSC is going to be reporting soon, and I see the date as October 31 before the market opens. Hopefully, the numbers will not spook investors.

I see the Zacks Consensus calling for $447M on top and that would represent growth of 16% from the prior year. For 2018, I see topline growth projected to come in 7.6% ahead of last year and next year to be 6.6% ahead of this year.

We could get some guidance for next year on the upcoming earnings call, so be prepared for that.


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