Casella Waste Systems Inc. (CWST) is a regional, integrated solid waste services company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CWST’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Casella Waste Systems could be a solid choice for inveastors.
Current Quarter Estimates for CWST
In the past 30 days, 1 estimate has gone higher for Casella Waste Systems while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 5 cents a share 30 days ago, to 6 cents today.
Current Year Estimates for CWST
Meanwhile, Casella Waste Systems’ current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 22 cents per share 30 days ago to a loss of 20 cents today.
Bottom Line
The stock has also started to move higher lately, adding 13.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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