Casella Waste Sys Q2 Adj EPS $0.36 Misses $0.37 Estimate, Sales $289.64M Miss $301.93M Estimate
Portfolio Pulse from vinayak@benzinga.com
Casella Waste Sys (NASDAQ:CWST) reported Q2 earnings of $0.36 per share, missing the analyst consensus estimate of $0.37 by 2.7%. The company also reported quarterly sales of $289.64 million, missing the analyst consensus estimate of $301.93 million by 4.07%. This represents a 2.11% increase over sales of $283.67 million the same period last year.
July 27, 2023 | 9:20 pm
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NEGATIVE IMPACT
Casella Waste Sys missed Q2 earnings and sales estimates. This could potentially lead to a short-term negative impact on the stock price.
Casella Waste Sys reported lower than expected earnings and sales for Q2. This underperformance could lead to a decrease in investor confidence and a potential short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100