Casella Waste Systems Inc. (CWST - Free Report) 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 could be a solid choice for investors.
Current Quarter Estimates for CWST
In the past 30 days, Casella Waste’s trend has been pretty favorable, with estimates increasing from 8 cents a share 30 days ago, to 10 cents per share today, a move of 25%.
Current Year Estimates for CWST
Meanwhile, current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing significantly from 2 cents per share 30 days ago to 7 cents per share today.
CASELLA WASTE Price and Consensus
The stock has also started to move higher lately, adding 17.6% 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 #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
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