Casella Waste Systems (NASDAQ:CWST) misses Q3 2026 revenue estimates, stock drops

Casella Waste Systems reported Q3 2026 revenue of $559.2 million, missing estimates by 0.7%. Adjusted EPS of $0.35 missed by 7.9%. The company raised full-year revenue guidance to $2.11 billion. Operating margin fell to 2.8% from 6.1% year-over-year.

Original reporting
Published Nov 9, 2026, 9:21 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 9, 2026, 9:46 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
Casella Waste Systems (NASDAQ:CWST) misses Q3 2026 revenue estimates, stock drops — source image
Decision brief

The 30-second read

$CWSTBearishMed
01

Why it matters

The miss may prompt short‑term sell‑offs, but the guidance lift could support a rebound if investors focus on the longer‑term outlook.

02

Market read

Earnings miss for a mid‑cap waste services company; immediate price impact expected.

03

What to watch

Potential cost‑saving initiatives not disclosed may mitigate short‑term earnings weakness.

Relevance 7/10Novelty 7/10Timing: after-hours

Background

Casella Waste Systems reported Q3 2026 results, missing revenue and EPS estimates while slightly raising full‑year revenue guidance.

Company-level read

Ticker impact

$CWSTBearishHigh confidence
Context

Q3 2026 revenue and EPS missed estimates; guidance slightly raised but miss may drive sell pressure.

Expected impact

likely pressure as market prices in the revenue and EPS miss

Evidence & confidence

Missed consensus on revenue and EPS outweighs the small upward guidance adjustment.

Market effects

Waste management sector may see modest pullback as earnings miss signals pricing pressure.

U.S. small-cap investors may reduce exposure to CWST in the near term.

Limited; impact confined to U.S. waste services niche.

Counterpoint

Guidance lift could signal longer-term upside if the miss is viewed as a one‑off.

Key entities

  • Casella Waste Systems

    U.S. waste management firm listed on NASDAQ.

Related articles

$CWSTMedAI 8/10

Casella aims to hit 26% margin by 2029, scraps NH landfill project

Casella Waste Systems reported Q3 2026 revenue of $559.2M, up 15.2% YoY, and adjusted EBITDA of $133.5M, up 11.4% YoY, but a net loss of $7M. The company announced a '300 in 3' plan to reach a 26% EBITDA margin by 2029, aiming for operational improvements and cost savings. Casella also abandoned a NH landfill project, incurring a $13.6M write-off. The company raised revenue guidance to $2.1B-$2.11B but expects a net loss of $10M-$4M.

$CWSTMed

What Casella Waste Systems (CWST) Said on Its Q3 Earnings Call

Casella Waste Systems (CWST) outlined its '300 in three' plan focusing on revenue quality, operational productivity, and asset review. The company raised its 2026 revenue outlook to $2.10B-$2.11B and adjusted EBITDA guidance to $475M-$481M. Management expects 5% organic revenue growth in 2027 and plans to expand its Hakes Landfill in New York.

$CWSTMed

Why Casella Waste Systems (CWST) stock is nosediving

Casella Waste Systems (CWST) shares fell 5.3% after reporting a Q3 net loss of $7.0M, down from $10.0M YoY, and a 18.7% drop in adjusted net income to $22.3M. Revenue rose 15.2% YoY to $559.2M but missed estimates. Adjusted EPS of $0.35 also missed expectations. The stock later recovered slightly, closing down 3.4%.

$CWSTHighAI 8/10

Casella Waste Systems, Inc. announces third quarter 2026 results

Casella Waste Systems (CWST) reported Q3 2026 revenue of $559.2M, up 15.2% YoY, driven by acquisitions and pricing. Net loss was $(7.0)M, impacted by impairment charges, while Adjusted EBITDA rose 11.4% to $133.5M. The company updated guidance, raising revenue expectations and narrowing Adjusted EBITDA range. CEO Ned Coletta highlighted strong performance and operational improvements.

$CWSTHighAI 8/10

Casella Waste Systems falls 8% on earnings, revenue miss

Casella Waste Systems (CWST) reported Q3 earnings of $0.35 per share, missing estimates by $0.07, and revenue of $559.2M, below expectations. The company posted a net loss of -$7.0M due to an impairment charge. FY2026 revenue guidance was raised to $2.100B-$2.110B, and adjusted EBITDA guidance was narrowed. Shares fell 8.1% in after-hours trading.