Casella Waste Systems Reports Strong Third-Quarter and Raises Guidance for the Year

On November 1, Casella Waste Systems Inc. (CWST) announced its third-quarter earnings. Third-quarter revenues were $160.3 million, which was an increase of 6% from the previous year. They reported that the outlook for the remainder of the year looks strong, and overall waste collection pricing is up over 3%. The company increased its annual guidance for revenue from $577-587 million to $585-595 million. Casella Waste Systems is a Vermont-based solid waste, recycling, and resource management company.

Sonal detected the news event on November 1 at 4:40 pm and issued an alert. The next trade occurred on the morning of November 2 at 9:30 am for $19. The market opened for the day at $19.

The stock price continued to rise throughout the day before closing at $20.68. Investors had the opportunity to earn a gain of almost 9% trading on the event.

 

If you want to learn more about guidance changes and how to trade these events, visit the Knowledge Center.

To see the latest weekly webinar, you can visit our Live Webinar page.

Subscribe here if you would like to start receiving these signals in real-time and start trading!