Casella Waste Q2 revenue beats estimates on acquisitions
CWST•Drivers of revenue growth
Revenue growth was mainly driven by acquisitions, including rollover contribution from prior deals.
Higher collection and disposal pricing also contributed to revenue gains, while increased landfill volumes supported by third-party sales and internalization added to the increase.
Key figures and market backdrop
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $543.74 million | $525.33 million (10 analysts) |
| Q2 Adjusted EPS | Beat | $0.40 | $0.30 (11 analysts) |
| Q2 EPS | $0.06 | ||
| Q2 Adjusted Net Income | Beat | $25.30 million | $16.94 million (8 analysts) |
| Q2 Net Income | $3.80 million | ||
| Q2 Adjusted EBITDA | Slight Beat* | $123.23 million | $123.17 million (11 analysts) |
| Q2 Operating income | $20 million |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
The current average analyst rating on the shares is buy, with 9 strong buy or buy ratings, 2 hold ratings and 1 sell or strong sell rating.
The average consensus recommendation for the environmental services and equipment peer group is .
