Published on 29 May 2024 on Zacks via Yahoo Finance
Stericycle (SRCL) Stock Rises 10.5% in a Month: Here's How
Stericycle, Inc. SRCL shares have had an impressive run in the past month. The stock has gained 10.5%, significantly outperforming the 1.1% growth of the industry it belongs to and the 5.4% rise of the Zacks S&P 500 composite.
Reasons for the Upside
The services that Stericycle provides usually cannot be delayed and are required on a scheduled basis, allowing the company to achieve a steady flow of revenues. It has strong customer relationships, most of which include long-term contracts ranging from three to five years. This enables it to maintain a revenue retention rate of around 90%.