Casella Waste Sys Q1 2024 Adj EPS $(0.01) Beats $(0.02) Estimate, Sales $341.008M Beat $340.987M Estimate
Portfolio Pulse from Benzinga Newsdesk
Casella Waste Systems (CWST) reported Q1 2024 adjusted EPS of $(0.01), beating estimates by 50% and marking a 110% decrease from the previous year. Sales reached $341.008M, slightly above estimates and showing a 29.86% increase year-over-year.
April 25, 2024 | 9:16 pm
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Casella Waste Systems reported a Q1 2024 adjusted EPS of $(0.01), surpassing estimates and showing significant sales growth of 29.86% YOY.
Beating EPS estimates and reporting a significant year-over-year sales increase are positive indicators for CWST. Despite the EPS being negative, the improvement over estimates and substantial sales growth could be viewed positively by investors, potentially leading to a short-term positive impact on the stock price.
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