Casella Waste Systems (CWST) Q4 Earnings Preview
Key Metrics:
* Revenue: Analysts estimate $417.9 million, up 16.2% YoY
* Earnings: $0.16 per share (adjusted)
Background:
Casella Waste Systems (NASDAQ:CWST) reported mixed Q3 results, meeting revenue expectations but missing adjusted operating income estimates.
Analyst Expectations:
Analysts have maintained their revenue estimates, indicating confidence in the company's trajectory.
Peer Performance:
* Tetra Tech: 17.9% revenue growth YoY (beat estimates)
* Veralto: 4.4% revenue growth YoY (in line with estimates)
Investor Sentiment:
Positive sentiment towards environmental and facilities services stocks, with share prices up 2.4% over the past month.
Target Price:
Analysts' average price target for CWST is $115.18 (vs. current share price of $108.44).
Investment Opportunity:
Enterprise software companies leveraging generative AI may present investment opportunities in the future.