Casella Waste Systems, Inc. (CWST) Posts Q4 GAAP Loss of 30c/Share; Issues Strong FY15 Revs Outlook

Casella Waste Systems, Inc. (NASDAQ: CWST) reported Q4 EPS of ($0.30), which may not compare with the analyst estimate of ($0.16). Revenue for the quarter came in at $118.9 million versus the consensus estimate of $111.49 million.

The company said that it is implementing a plan to change its fiscal year end from April 30th to December 31st, effective January 1, 2015. Under this change, the company will report an 8-month transition period ending December 31, 2014, and then subsequently its full fiscal year ending December 31, 2015. During the 8-month transition period, the company will report for the quarters ending July 31, 2014 and October 31, 2014.

Casella Waste Systems, Inc. sees FY2015 revenue of $520-530 million, versus the consensus of $506.68 million.

For earnings history and earnings-related data on Casella Waste Systems, Inc. (CWST) click here.

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