--- the subscriber area has no ads and those above are not selected or endorsed by this site ---


Covanta schedules 4Q18 report and CTL sale ?3

16:42 16-Jan-19


Covanta has scheduled its fourth quarter report to be given after market close on February 14th.  The average of analysts estimates comes to EPS of 10 cents on revenue of $474M with that dropping seasonally to $454M in the current quarter.  CVA has been rising and is still undervalued, but there is not a lot to look forward to in this report that I can see.  Updates on energy hedges, metals, development and the new TAPS progress will all be interesting, but probably not stock moving.  Progress toward the next dividend at the end of March should provide some upward drift, though.

Separately, a holder who acquired over 46M CTL shares in the Level 3 merger has filed to sell 16M of them between now and the end of June.  I don't see this as having any fundamental impact on CenturyLink, but it could depress trading for a bit.