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

Casella Waste Systems

02/11/2023 24:02

* Casella Waste Systems Inc  CWST.OQ  reported quarterly
adjusted
earnings of 35 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 45 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 39 cents per
share. Wall Street expected results to range from 22 cents to 55
cents per share.
    * Revenue rose 19.5% to $352.74 million from a year ago;
analysts
expected $360.66 million. 
    * Casella Waste Systems Inc's reported EPS for the quarter
was 31
cents​.
    * The company reported quarterly net income of $18.17
million.
    * Casella Waste Systems Inc shares had fallen by 1.1% this
quarter and lost 4.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
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 6 "strong buy" or "buy," 1
"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 $100.00 
This summary was machine generated from LSEG data November 2 at
12:02 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.39           0.35           Missed
 Jun. 30 2023      0.37           0.36           Missed
 Mar. 31 2023      0.09           0.10           Beat
 Dec. 31 2022      0.23           0.18           Missed