Casella Waste Systems, Inc. (CWST - Free Report) currently seems to be a smart choice for investors seeking exposure in the pollution control space. Solid fundamentals and positive revision in earnings estimates are reflective of healthy growth potential of the stock.
This Rutland, VT-based company currently sports a Zacks Rank #1 (Strong Buy). It belongs to the Zacks Pollution Control industry, currently placed in the top 43% (with Zacks Industry Rank #102) of more than 250 Zacks industries. Notably, the top 50% of the Zacks-ranked industries tend to outperform the bottom 50% by a factor of more than 2 to 1.
We believe that stringent government regulations, pollution-related risks and growing demand in emerging nations are aiding providers of pollution control equipment and services.
Below we discussed why investing in Casella Waste will be a smart choice.
Share Price Performance, Impressive Earnings Outlook: Market sentiments seem to be working in favor of Casella Waste over time. In the past year, the company’s share price has gained 52.7% compared with the industry’s growth of 19.8%. It is worth mentioning here that its shares have gained 8.6% since the release of first-quarter 2019 results on Apr 30, 2019.
For the year, the company predicts net income of $34-$38 million, higher than $6.4 million reported in 2018.
In the past 60 days, earnings estimates for 2019 and 2020 have been revised upward, reflecting positive sentiments about the company’s growth prospects. Currently, the Zacks Consensus Estimate for Casella Waste is pegged at 81 cents for 2019 and $1.00 for 2020, reflecting growth of 6.6% and 6.4% from the respective 60-day-ago figures.
Casella Waste Systems, Inc. Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Casella Waste Systems, Inc. (CWST - Free Report) currently seems to be a smart choice for investors seeking exposure in the pollution control space. Solid fundamentals and positive revision in earnings estimates are reflective of healthy growth potential of the stock.
This Rutland, VT-based company currently sports a Zacks Rank #1 (Strong Buy). It belongs to the Zacks Pollution Control industry, currently placed in the top 43% (with Zacks Industry Rank #102) of more than 250 Zacks industries. Notably, the top 50% of the Zacks-ranked industries tend to outperform the bottom 50% by a factor of more than 2 to 1.
We believe that stringent government regulations, pollution-related risks and growing demand in emerging nations are aiding providers of pollution control equipment and services.
Below we discussed why investing in Casella Waste will be a smart choice.
Share Price Performance, Impressive Earnings Outlook: Market sentiments seem to be working in favor of Casella Waste over time. In the past year, the company’s share price has gained 52.7% compared with the industry’s growth of 19.8%. It is worth mentioning here that its shares have gained 8.6% since the release of first-quarter 2019 results on Apr 30, 2019.
For the year, the company predicts net income of $34-$38 million, higher than $6.4 million reported in 2018.
In the past 60 days, earnings estimates for 2019 and 2020 have been revised upward, reflecting positive sentiments about the company’s growth prospects. Currently, the Zacks Consensus Estimate for Casella Waste is pegged at 81 cents for 2019 and $1.00 for 2020, reflecting growth of 6.6% and 6.4% from the respective 60-day-ago figures.
Casella Waste Systems, Inc. Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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