Covanta Holding Corporation (NYSE:CVA) is trading up 36.12% versus 12-month low of 11.72 and stands -4.29% lower from its 1-year peak of $16.67. The consensus price target (PT) of $17.61 means that the market expects Company shares to increase by 11.1% in the short run. The sell-side target prices range from $15 to $20. In the last month the stock has moved in price 13.74%, with a one year change of 9.11%. The last trading session volume compares with the 1.36M average and market worth floats around 2.05B.

Covanta Holding Corporation (NYSE:CVA) gained 0.63% to reach at the trading price of $15.95 as it is set to release its next quarterly earnings report on February 08, 2017. Covanta Holding Corporation stock trades in the range of $15.70 to $16.00 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.13 a share with $425.49M in revenue.

Covanta Holding Corporation (CVA) Future Earnings & History

After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Covanta Holding Corporation to earn $-0.15 per share (EPS) on revenue of $415.16M. The EPS consensus range is $-0.18-$-0.13 on revenue between $426.77M and $406M.

While if we look at the Earnings Track Record, Covanta Holding Corporation (CVA) managed to surpass quarterly earnings per share estimates in 5 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 41%. Last time the company reported, Covanta Holding Corporation (CVA) generated $0.18 in earnings per share, beating the consensus estimate of $0.14. Revenues hit $421M in the September 2017 quarter, which was above the consensus $421.43M projection. On the other hand, in the June 2017 quarter the company recorded a net $418M revenue with earnings per share of $-0.22. Wall Street had anticipated $409.74M and $-0.05, respectively. For comparison, there was a revenue of $403M and EPS of $-0.19 in the March 2016 period.

Covanta Holding Corporation (NYSE:CVA) Analyst Insights

The buoyancy in the outlook of Covanta Holding Corporation (CVA) is getting stronger by the somewhat negative sentiment (1.80 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Neutral. Macquarie has been covering shares of CVA, so it is most recent view is worth a look. In a research note issued on Nov 07, 2016, analysts at Barclays lifted the stock to Overweight from Equal Weight. Another noteworthy analyst activity was recorded on Apr 29, 2016. Downgraded the stock to Neutral from Outperform.