Casella Waste Systems (CWST) Reports Earnings Monday: What to Expect

what happened

According to StockStory, waste management company Casella Waste Systems will publish its quarterly results on Monday after the market closes. Last quarter its revenue reached $543.7 million, rising 16.9% from a year earlier. Earnings per share beat analyst estimates, and full-year revenue guidance was slightly above expectations.

The market expects revenue to grow 16.1% year on year, a slowdown from the 17.9% gain in the same quarter last year. Analysts have mostly kept their estimates unchanged over the past 30 days. Still, the company has missed Wall Street's revenue forecasts several times over the last two years.

Among peers, Perma-Fix grew revenue 2.8% and beat expectations by 20.5%, while Clean Harbors lifted revenue 20.7% and topped estimates by 8.3%. Perma-Fix shares rose 9.7% after its report, while Clean Harbors fell 1.1%. The average analyst price target stands at $106.50, against a current share price of $98.22.

why it matters

For the broad market this is a routine report that mainly matters to the company's own shares. The revenue trend and the reaction of peer stocks show how investors are judging the waste management sector overall.

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