Casella Waste Systems Faces Critical Earnings Test
Casella Waste Systems confronts mounting investor apprehension ahead of its quarterly results, despite the waste management sector being traditionally viewed as recession-resistant.
Recent developments have cast uncertainty over the company's near-term prospects, with a prominent growth fund identifying the waste handler as one of its poorest performers during the third quarter.
High Expectations Meet Warning Signals
Market experts project substantial growth when Casella discloses its quarterly figures, with consensus estimates pointing to earnings per share climbing 25.9% to $0.34, accompanied by a 16% revenue increase to $477.41 million.
However, these optimistic forecasts face potential headwinds.
The company's quarterly results are expected on Thursday, raising questions about whether the company is approaching a significant operational challenge.
Author's summary: Casella Waste Systems faces critical earnings test amid investor concerns.
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