Casella Waste Systems Reaffirms FY24 Outlook, With Revenues Of $1.48B-$1.51B, Est $1.498B
Portfolio Pulse from Benzinga Newsdesk
Casella Waste Systems has reaffirmed its fiscal year 2024 outlook, expecting revenues to be between $1.48 billion and $1.51 billion, aligning with an estimated $1.498 billion. The reaffirmation covers revenue, net income, Adjusted EBITDA, net cash provided by operating activities, and Adjusted Free Cash Flow.

April 25, 2024 | 9:24 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Casella Waste Systems reaffirms its FY24 financial outlook, with expected revenues in the range of $1.48B-$1.51B.
Reaffirming financial outlooks, especially when they align with or exceed market estimates, typically instills confidence in investors and can lead to a positive short-term impact on the stock price. Given that the projected revenue range meets market expectations, this reaffirmation by Casella Waste Systems is likely to be viewed positively by the market, suggesting a potential uplift in its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100