Casella Waste Sys Q4 2023 Adj EPS $0.13 Misses $0.16 Estimate, Sales $359.57M Miss $360.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Casella Waste Systems (CWST) reported Q4 2023 adjusted EPS of $0.13, missing the $0.16 estimate, and sales of $359.57M, slightly below the $360.08M estimate. This represents a 32.13% increase in sales compared to the same period last year.
February 15, 2024 | 9:22 pm
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Casella Waste Systems reported lower-than-expected Q4 2023 earnings and sales, missing estimates slightly but showing significant year-over-year sales growth.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the significant year-over-year sales growth may mitigate some negative impacts.
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