Casella Waste Sys: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Casella Waste Systems (CWST) reported Q4 earnings with an EPS of $0.13, missing estimates by 18.75% against an expected $0.16. Revenue increased by $87.44 million from the previous year. Despite missing EPS estimates last quarter, CWST's share price increased by 5.38% the following day.
February 15, 2024 | 9:25 pm
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Casella Waste Systems reported a Q4 EPS of $0.13, missing the estimated $0.16, but saw an increase in revenue by $87.44 million from the previous year.
Although CWST missed the EPS estimate, the significant increase in revenue and historical context of share price increase following an earnings miss suggest a neutral to potentially positive short-term impact on the stock price. The company's ability to increase revenue despite missing EPS estimates indicates underlying strength that may counterbalance the negative earnings miss in investors' eyes.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100