Casella Waste Posts Q2 Adj EPS of $0.40, Beating Expectations
CWST sits 22% above its 52-week low of $74.05.
Summary
Casella Waste Systems reported Q2 adjusted earnings of $0.40 per share, a key metric that was not previously disclosed. The 8-K filed earlier today highlighted revenue of $543.7M (+16.9% YoY) and raised full-year revenue guidance, but lowered another outlook metric. This EPS figure adds a positive data point, suggesting profitability exceeded market expectations. The appointment of COO Damian A. Ribar in July and the recent acquisition strategy provide additional operational context. The stock may react favorably as traders digest the earnings beat.
At the time of this announcement, CWST was trading at $90.46 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $5.8B. The 52-week trading range was $74.05 to $107.96. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.