Oct. 26 at 6:59 PM
$CWST Upcoming Earnings Alert for 10/31/2024
Neutral (5.0)
The recent performance of waste management stocks, particularly Casella Waste Systems, Inc.
(CWST), has drawn attention amidst a fluctuating market landscape.
Casella's share price faced a decline following the announcement of a public offering of 4.5 million shares at a price of
$100 each, which raised concerns about dilution among existing shareholders.
Despite this setback, the company reported record revenue and highlighted its strategic investments in infrastructure and sustainability in its recent earnings call.
Additionally, there is optimism in the waste management sector, driven by an increasing demand for pollution control services, suggesting that companies like Casella may capitalize on these trends moving forward.
The overall sentiment appears mixed, with some analysts pointing to robust growth potential, while others are cautious due to the recent stock dilution and competitive pressures in the industry.
Casella Waste Systems is scheduled to release its financial results for the three months ending September 30, 2024, after market close on October 30, 2024.
Following the earnings report, the company will host a conference call to discuss its results on October 31, 2024, at 10:00 a.m. Eastern Time.
This upcoming earnings announcement is highly anticipated, especially after the company's recent performance and strategic initiatives, as stakeholders will be keen to assess its financial health and future outlook.
Statistics
24 news articles identified, with 16 unique sources contributing to the discussions around Casella Waste Systems and the waste management industry.
- Funds were net buyers of
$CWST during the previous reporting quarter.
- Top 5 funds with large holdings in
$CWST:
* Conestoga Capital Advisors LLC
$336MM (Market Value). CGMFundScore: 63%
* Westfield Capital Management Company LP
$90MM (Market Value). CGMFundScore: 82%
* Granite Investment Partners LLC
$45MM (Market Value). CGMFundScore: 86%
* Jennison Associates LLC
$41MM (Market Value). CGMFundScore: 59%
* GW&K Investment Management LLC
$29MM (Market Value). CGMFundScore: 67%
- Last 10 days performance: -2%
- Last 30 days performance: 2%
- Last 90 days performance: 0%
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