Casella Waste Systems, Inc. Fourth Quarter Earnings Sneak Peek
Casella Waste Systems, Inc. (NASDAQ:CWST) will unveil its latest earnings on Wednesday, June 15, 2011. The Company provides resource management expertise and services to residential, commercial, municipal and industrial customers, mainly in the areas of solid waste collection, transfer, disposal and recycling services.
Casella Waste Systems, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst is estimating net loss of 33 cents per share, a wider loss from the year earlier quarter net loss of 23 cents. Estimates range from a loss of 45 cents per share to net loss of 14 cents per share. Over the past three months, the consensus estimate has moved down from a loss of 31 cents. The consensus estimate is unchanged from a month ago.
Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter of the last fiscal year, the company reported a loss of 26 cents per share versus a mean estimate of net loss of 8 cents per share. In second quarter, the company beat estimates by 4 cents.
Wall St. Revenue Expectations: On average, analysts predict $111 million in revenue this quarter, a decline of 15.1% from the year ago quarter. Analysts are forecasting total revenue of $477.7 million for the year, from last year’s revenue of $522.3 million.
Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy and none rating it as a sell. While the average rating for the stock remains a moderate buy, the rating is on steadier footing than three months ago.
A year-over-year revenue decrease last quarter snaps a streak of three consecutive quarters of revenue increases. Revenue rose 5.4% in the third quarter of the last fiscal year, 2.9%in the second quarter and 11.1% in the first quarter.
Competitors to Watch: Waste Connections, Inc. (NYSE:WCN), Republic Services, Inc. (NYSE:RSG), Waste Management, Inc. (NYSE:WM), WCA Waste Corporation (NASDAQ:WCAA), Perma-Fix Environmental Services, Inc. (NASDAQ:PESI), Progressive Waste Solutions Ltd (NYSE:BIN) and Industrial Services of America, Inc. (NASDAQ:IDSA).
Recent Price Movement: Over the past three months, the stock price has fallen $1.27 (-18.4%) from $6.90 on March 15, 2011 to $5.63 on June 9, 2011.
(Sources: YahooFinance and Xignite Financials)
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