Casella Waste Sys Q2 2024 Adj. EPS $0.22 Misses $0.28 Estimate, Sales $377.163M Beat $373.870M Estimate
Portfolio Pulse from Benzinga Newsdesk
Casella Waste Systems (NASDAQ:CWST) reported Q2 2024 earnings per share of $0.22, missing the analyst estimate of $0.28 by 21.43%. However, the company reported sales of $377.163 million, beating the estimate of $373.870 million by 0.88%. This represents a 30.22% increase over the same period last year.
August 01, 2024 | 8:53 pm
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Casella Waste Systems reported Q2 2024 EPS of $0.22, missing the $0.28 estimate by 21.43%. However, sales of $377.163 million beat the $373.870 million estimate, showing a 30.22% YoY increase.
The mixed results, with EPS missing but sales beating estimates, create a neutral short-term outlook. The significant YoY sales increase is positive, but the EPS miss may weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100