Casella Waste Systems Inc reports results for the quarter ended in September 30 - Earnings Summary

Casella Waste Systems

31/10/2024 03:02

* Casella Waste Systems Inc  CWST.OQ  reported quarterly
adjusted
earnings of 27 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 35 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 27 cents per share. Wall
Street expected results to range from 11 cents to 40 cents per
share.
    * Revenue rose 16.7% to $411.63 million from a year ago;
analysts
expected $412.59 million. 
    * Casella Waste Systems Inc's reported EPS for the quarter
was 10
cents​.
    * The company reported quarterly net income of $5.77
million.
    * Casella Waste Systems Inc shares had risen by 2.9% this
quarter and gained 19.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 22.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"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 $117.00 
This summary was machine generated from LSEG data October 31 at
03:02 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
 Sep. 30 2024      0.27           0.27           Met
 Jun. 30 2024      0.28           0.22           Missed
 Mar. 31 2024      -0.02          -0.01          Beat
 Dec. 31 2023      0.16           0.13           Missed