Casella Waste Systems Inc reports results for the quarter ended in March - Earnings Summary

Casella Waste Systems

26/04/2024 01:50

* Casella Waste Systems Inc  CWST.OQ  reported a quarterly
adjusted loss of 1 cent​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of 10 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 2 cents per
share. Wall Street expected results to range from -4 cents
tozero cents per share.
    * Revenue rose 29.9% to $341.01 million from a year ago;
analysts
expected $340.99 million. 
    * Casella Waste Systems Inc's reported EPS for the quarter
was a
loss of 7 cents​.
    * The company reported a quarterly loss of $4.12 million.
    * Casella Waste Systems Inc shares had fallen by 3.9% this
quarter and gained 11.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 119.6% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the environmental
services & equipment peer group is also "buy"

Wall Street's median 12-month price target for Casella Waste
Systems Inc is $105.00 
This summary was machine generated from LSEG data April 26 at
12:50 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.02          -0.01          Beat
 Dec. 31 2023      0.16           0.13           Missed
 Sep. 30 2023      0.39           0.35           Missed
 Jun. 30 2023      0.37           0.36           Missed