Casella Waste Systems (CWST) stock is soaring 5.71% in pre-market trading on Friday, following the release of its impressive third-quarter financial results. The company's performance exceeded analyst expectations, demonstrating resilience in a challenging economic environment.
The waste management firm reported Q3 adjusted earnings of $0.42 per diluted share, surpassing the FactSet analyst consensus of $0.32. While this represents a slight decline from $0.44 per share in the same quarter last year, the better-than-expected results have clearly impressed investors. Revenue for the quarter ended September 30 jumped to $485.4 million, up from $411.6 million a year ago and comfortably beating the $476.3 million forecast by analysts.
Adding to the positive sentiment, Casella Waste Systems provided an optimistic outlook for the full year 2025. The company now expects revenue to range between $1.83 billion and $1.84 billion, aligning with analyst expectations. This guidance suggests continued growth and stability in the company's operations, further fueling investor confidence and contributing to the stock's significant pre-market rally.
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