CECO Environmental (NASDAQ:CECO) Stock, Quote.Headers.trade-ideas

CECO Environmental

CECO Environmental Corp serves the energy, industrial, and other niche markets. The company operates through the Engineered Systems segment that serves the power generation, refinery, water/wastewater, and midstream oil and gas markets, and Industrial Process Solutions segment, which serves the broad industrial air pollution control, beverage can, fluid handling, electric vehicle production, food and beverage, semi-conductor, process filtration, pharmaceutical, petrochemical, wastewater treatment, wood manufacturing, desalination, and aquaculture markets. The majority of revenue is earned from the Engineered Systems Segment.

Intel, Cleanspark, Super Micro Computer, Upstart, Tesla: Why These 5 Stocks Are On Investors' Radars Today

News

Pre-Market Outlook

Markets

Movers

Trading Ideas

ALMS

BCYC

CADL

CECO

EGHT

Candel Therapeutics, 8x8 And Other Big Stocks Moving Lower In Friday&#39;s Pre-Market Session

What Consultants Do

Equities

Small Cap

PFIE

CECO Environmental Corp. will acquire Profire Energy for $2.55/share, a 46.5% premium over its closing price. The deal values Profire at $125 million.

Why Is Profire Energy Stock Jumping Today?

wall-street-ai17

Long Ideas

Insider Trades

ESTC

USPH

$1.5M Bet On Elastic? Check Out These 4 Stocks Executives Are Buying

CECO Environmental Corp

CeCors Inc

Ceconomy AG

<h3>Gainers</h3>
<ul>
<li>Zeo Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZEO#NASDAQ">ZEO</a>) shares increased by 57.7% to $3.69 during Friday's pre-market session. The market value of their outstanding shares is at $51.2 million. </li>
<li>Capital Clean Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCEC#NASDAQ">CCEC</a>) shares increased by 20.21% to $22.0. The company's market cap stands at $1.2 billion. </li>
<li>ATIF Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBAI#NASDAQ">ZBAI</a>) stock moved upwards by 19.98% to $1.8. The market value of their outstanding shares is at $21.4 million. </li>
<li>New Century Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCEW#NASDAQ">NCEW</a>) shares moved upwards by 13.63% to $2.0. The company's market cap stands at $43.0 million. </li>
<li>Nauticus Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) shares moved upwards by 12.14% to $2.49. The market value of their outstanding shares is at $15.9 million. </li>
<li>Caravelle Intl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCO#NASDAQ">HTCO</a>) stock rose 11.72% to $4.48. The company's market cap stands at $249.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>CECO Environmental (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) shares fell 11.9% to $28.34 during Friday's pre-market session. The market value of their outstanding shares is at $991.3 million. </li>
<li>Marten Transport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRTN#NASDAQ">MRTN</a>) stock fell 8.98% to $15.01. The market value of their outstanding shares is at $1.2 billion. </li>
<li>Shimmick (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIM#NASDAQ">SHIM</a>) shares declined by 8.65% to $2.43. The company's market cap stands at $82.1 million. </li>
<li>Fluence Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>) stock decreased by 8.54% to $14.25. The market value of their outstanding shares is at $1.8 billion. </li>
<li>PS International Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSIG#NASDAQ">PSIG</a>) shares declined by 7.96% to $0.41. The market value of their outstanding shares is at $9.8 million. </li>
<li>JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) shares fell 6.25% to $174.58. The company's market cap stands at $17.5 billion. As per the news, the Q4 earnings report came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CCEC

FLNC

HTCO

JBHT

KITT

MRTN

NCEW

PSIG

SHIM

ZBAI

12 Industrials Stocks Moving In Friday's Pre-Market Session

HC Wainwright &amp; Co. analyst Amit Dayal downgrades CECO Environmental (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) from Buy to Neutral.

Downgrades

Analyst Ratings

HC Wainwright & Co. Downgrades CECO Environmental to Neutral

WIIM

CECO Environmental shares are trading lower after the company cut its preliminary FY24 revenue results below estimates.

<ul>
<li>Q4 Revenue and EBITDA Negatively Impacted by Customer-Driven Project Delays</li>
<li>Tremendous Q4 Bookings at Over $210 million Establishes New Record and Highest-Ever Backlog</li>
<li>Completed Acquisition of Verantis in Late Q4 and Announces Intention to Divest Fluid Handling Business</li>
<li>2025 Full Year Outlook Affirmed</li>
</ul>

Reported Earlier, CECO Environmental Reports Preliminary 2024 Revenue of $555M–$558M ($577.326M Est.) Down From $575M-$600M And Record $210M Q4 Bookings

Looking into the current session, CECO Environmental Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) shares are trading at $31.77, after a 1.21% decrease. Over the past month, the stock fell by 2.90%, but over the past year, it actually spiked by 66.60%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2025/1736446510_0.png" alt="Past Year Chart" />

<h3>Comparing CECO Environmental P/E Against Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
CECO Environmental has a lower P/E than the aggregate P/E of 101.05 of the Commercial Services &amp; Supplies industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1736446510_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Price Over Earnings Overview: CECO Environmental

CECO Environmental (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $36.5, a high estimate of $40.00, and a low estimate of $33.00. Surpassing the previous average price target of $34.75, the current average has increased by 5.04%.
<img src="https://www.benzinga.com/files/images/story/2025/1736197235_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of CECO Environmental among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Aaron Spychalla</td>
<td>Craig-Hallum</td>
<td>Raises</td>
<td>Buy</td>
<td>$40.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Bobby Brooks</td>
<td>Northland Capital Markets</td>
<td>Raises</td>
<td>Outperform</td>
<td>$38.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>James Ricchiuti</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$33.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Amit Dayal</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$35.00</td>
<td>$35.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to CECO Environmental. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of CECO Environmental compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of CECO Environmental's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of CECO Environmental's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CECO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on CECO Environmental analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About CECO Environmental</h2>
CECO Environmental Corp serves the energy, industrial, and other niche markets. The company operates through the Engineered Systems segment that serves the power generation, refinery, water/wastewater, and midstream oil and gas markets, and Industrial Process Solutions segment, which serves the broad industrial air pollution control, beverage can, fluid handling, electric vehicle production, food and beverage, semi-conductor, process filtration, pharmaceutical, petrochemical, wastewater treatment, wood manufacturing, desalination, and aquaculture markets. The majority of revenue is earned from the Engineered Systems Segment.
<h3>CECO Environmental: Financial Performance Dissected</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Challenges: CECO Environmental's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -9.29%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: CECO Environmental's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 1.54%, the company may face hurdles in effective cost management.
Return on Equity (ROE): CECO Environmental's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.88% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.34%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.66, CECO Environmental adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 4 Analyst Ratings Have To Say About CECO Environmental

Craig-Hallum analyst Aaron Spychalla maintains CECO Environmental (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) with a Buy and raises the price target from $34 to $40.

Price Target

Craig-Hallum Maintains Buy on CECO Environmental, Raises Price Target to $40

Northland Capital Markets analyst Bobby Brooks maintains CECO Environmental (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) with a Outperform and raises the price target from $35 to $38.

Northland Capital Markets Maintains Outperform on CECO Environmental, Raises Price Target to $38

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 150 points on Friday.
Shares of Candel Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CADL#NASDAQ">CADL</a>) fell sharply in today's pre-market trading after the company announced the <a href="https://www.benzinga.com/quote/CADL/news">pricing of public offering</a>.
Candel Therapeutics shares dipped 30.9% to $6.77 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Alumis Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALMS#NASDAQ">ALMS</a>) shares declined 6.1% to $8.20 in pre-market trading.</li>
<li>Savers Value Village, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SVV#NYSE">SVV</a>) fell 6.1% to $9.01 in pre-market trading.</li>
<li>8&#215;8, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGHT#NASDAQ">EGHT</a>) fell 4.5% to $2.98 in pre-market trading. Mizuho analyst Siti Panigrahi downgraded 8&#215;8 from Neutral to Underperform and lowered the price target from $2.75 to $2.5.</li>
<li>Bicycle Therapeutics plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCYC#NASDAQ">BCYC</a>) shares declined 4.1% to $19.30 in pre-market trading. On Thursday, Bicycle Therapeutics announced that it presented data showing the enhanced anti-tumor activity of zelenectide pevedotin monotherapy in breast cancer patients with NECTIN4 gene amplification at the 2024 San Antonio Breast Conference Symposium.</li>
<li>CECO Environmental Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) fell 3.1% to $31.71 in pre-market trading.</li>
<li>Montrose Environmental Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEG#NYSE">MEG</a>) fell 2.3% to $15.77 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42460676/jim-cramer-amd-ceo-lisa-su-built-an-amazing-company">Jim Cramer Says This CEO &#8216;Built An Amazing Company,&#8217; Recommends Buying Netflix</a></li>
</ul>

Candel Therapeutics, 8x8 And Other Big Stocks Moving Lower In Friday's Pre-Market Session

CECO Environmental Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) (together with its consolidated subsidiaries and affiliates, "CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), applicable to CECO's tender offer for Profire Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) ("PFIE") expired at 11:59 p.m., Eastern Time, on November 15, 2024.
The expiration of the HSR waiting period satisfies one of the conditions to consummate the tender offer. Other conditions remain to be satisfied, including, among others, a minimum tender of shares of common stock of PFIE representing a majority of the total number of outstanding shares of common stock of PFIE. Unless the tender offer is extended, the offer and withdrawal rights will expire at one minute after 11:59 p.m., Eastern Time, on December 31, 2024.

CECO Environmental Announces Expiration Of HSR Waiting Period Satisfying One Of The Conditions To Consummate The Tender Offer

ACVA

CPRT

CTAS

CWST

DRVN

NVRI

VIRC

VSEC

Shares of commercial services and supplies companies are trading higher after Donald Trump won the 2024 presidential election.

Needham analyst James Ricchiuti maintains CECO Environmental (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) with a Buy and lowers the price target from $35 to $33.

Needham Maintains Buy on CECO Environmental, Lowers Price Target to $33

HC Wainwright &amp; Co. analyst Amit Dayal reiterates CECO Environmental (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) with a Buy and maintains $35 price target.

Reiteration

HC Wainwright & Co. Reiterates Buy on CECO Environmental, Maintains $35 Price Target

Profire Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) shares are trading higher on Tuesday after the company inked a definitive deal under which CECO Environmental Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) will acquire Profire in an all-cash transaction <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41593726/ceco-environmental-to-acquire-profire-energy-for-125-million" rel="noreferrer noopener">at a price of $2.55 per share</a>.
The offer price reflects a 46.5% premium over Profire&#8217;s October 25, 2024 closing share price of $1.74 and a 60.3% premium over its 30-day volume-weighted average price as of that date.
The offer will remain open for an initial period of 20 business days, with possible extensions as needed.
Approved unanimously by Profire&#8217;s Board, the transaction values Profire&#8217;s equity at roughly $125 million, with an enterprise value of approximately $108 million.
Following this, Profire&#8217;s common stock will be delisted from public markets. The transaction is expected to close in the first quarter of 2025.
For 2024, Profire projects sales exceeding $60 million with adjusted EBITDA margins of around 20%.
Todd Gleason, CECO&#8217;s Chief Executive Officer, said, &#8220;With an installed base approaching 100,000 burner management systems and a growing industrial market product offering, we look forward to accelerating their global market expansion and introducing their high-efficiency solutions to more customers in industrial air and water.&#8221;
Cameron Tidball and Ryan Oviatt, co-CEOs of Profire stated, &#8220;The combination of our well-established leadership in niche energy and industrial mission critical applications with CECO&#8217;s proven track record of acquiring and investing in companies to enhance their growth and create scale will unlock even more value for all constituents.&#8221;
As of September&nbsp;30, 2024, CECO&#8217;s cash and cash equivalents <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41594335/ceco-environmental-reports-third-quarter-2024-results" rel="noreferrer noopener">stood at $38.9 million</a>.
Price Action: PFIE shares are up 46.8% at $2.51 at the last check Tuesday.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/41599417" target="_blank" rel="noreferrer noopener">SoFi Technologies Q3 Earnings: Revenue Beat, EPS Beat, Raised Guidance Following &#8216;Strongest Quarter&#8217; Ever</a></li>
</ul>

CECO Environmental shares are trading lower after the company reported worse-than-expected Q3 financial results and cut annual revenue outlook. CECO also acquired Profire Energy for $2.55/share in cash.

Guidance

CECO Environmental Expects FY25 Revenue Of $700M - $750M, Est $669.86M

CECO Environmental Cuts FY24 Full Year Revenue Guidance From $600M - $620M To $575M - $600M, Est $606.113M

CECO Environmental (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) reported quarterly earnings of $0.14 per share which missed the analyst consensus estimate of $0.19 by 26.32 percent. The company reported quarterly sales of $135.51 million which missed the analyst consensus estimate of $154.65 million by 12.37 percent. This is a 9.29 percent decrease over sales of $149.39 million the same period last year.

Earnings

Earnings Misses

CECO Environmental Q3 2024 Adj EPS $0.14 Misses $0.19 Estimate, Sales $135.51M Miss $154.65M Estimate

The transaction, which has been unanimously approved by Profire's Board of Directors, implies an equity value of approximately $125 million and a total enterprise value for Profire of approximately $108 million.

CECO Environmental Agrees To Acquire Profire Energy In An All-cash Transaction At $2.55 Per Share

CECO Environmental (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) is preparing to release its quarterly earnings on Tuesday, 2024-10-29. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect CECO Environmental to report an earnings per share (EPS) of $0.19.
Anticipation surrounds CECO Environmental's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Overview of Past Earnings</h3>
Last quarter the company beat EPS by $0.04, which was followed by a 3.88% increase in the share price the next day.
Here's a look at CECO Environmental's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.16</td>
<td>0.11</td>
<td>0.24</td>
<td>0.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.20</td>
<td>0.11</td>
<td>0.28</td>
<td>0.22</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.0%</td>
<td>2.0%</td>
<td>7.000000000000001%</td>
<td>-5.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730138500_0.png" alt="eps graph" />
<h3>CECO Environmental Share Price Analysis</h3>
Shares of CECO Environmental were trading at $26.77 as of October 25. Over the last 52-week period, shares are up 62.05%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Take on CECO Environmental</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on CECO Environmental.
The consensus rating for CECO Environmental is Buy, based on 5 analyst ratings. With an average one-year price target of $34.8, there's a potential 30.0% upside.
<h3>Understanding Analyst Ratings Among Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of Montrose Environmental Gr, BrightView Hldgs and Quest Resource Holding, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>As per analysts' assessments, Montrose Environmental Gr is favoring an Buy trajectory, with an average 1-year price target of $51.25, suggesting a potential 91.45% upside.</li>
<li>BrightView Hldgs is maintaining an Outperform status according to analysts, with an average 1-year price target of $15.55, indicating a potential 41.91% downside.</li>
<li>Analysts currently favor an Buy trajectory for Quest Resource Holding, with an average 1-year price target of $12.75, suggesting a potential 52.37% downside.</li>
</ul>
<h3>Insights: Peer Analysis</h3>
The peer analysis summary outlines pivotal metrics for Montrose Environmental Gr, BrightView Hldgs and Quest Resource Holding, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>CECO Environmental</td>
<td>Buy</td>
<td>6.46%</td>
<td>$49.05M</td>
<td>1.92%</td>
</tr>
<tr>
<td>Montrose Environmental Gr</td>
<td>Buy</td>
<td>8.94%</td>
<td>$69.24M</td>
<td>-3.34%</td>
</tr>
<tr>
<td>BrightView Hldgs</td>
<td>Outperform</td>
<td>-3.55%</td>
<td>$177.60M</td>
<td>0.74%</td>
</tr>
<tr>
<td>Quest Resource Holding</td>
<td>Buy</td>
<td>-1.81%</td>
<td>$13.53M</td>
<td>-2.30%</td>
</tr>
</tbody>
</table>

Key Takeaway:
CECO Environmental ranks at the top for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, CECO Environmental is at the bottom compared to its peers.
<h3>All You Need to Know About CECO Environmental</h3>
CECO Environmental Corp serves the energy, industrial, and other niche markets. The company operates through the Engineered Systems segment that serves the power generation, refinery, water/wastewater, and midstream oil and gas markets, and Industrial Process Solutions segment, which serves the broad industrial air pollution control, beverage can, fluid handling, electric vehicle production, food and beverage, semi-conductor, process filtration, pharmaceutical, petrochemical, wastewater treatment, wood manufacturing, desalination, and aquaculture markets. The majority of revenue is earned from the Engineered Systems Segment.
<h3>Financial Insights: CECO Environmental</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: CECO Environmental's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 6.46%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: CECO Environmental's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.26% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.92%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): CECO Environmental's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.76% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: CECO Environmental's debt-to-equity ratio is below the industry average at 0.61, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/CECO/earnings">To track all earnings releases for CECO Environmental visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights Ahead: CECO Environmental's Quarterly Earnings

Press Releases

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of CECO Environmental Corp. - CECO

CECO Environmental Announces Expiration of HSR Waiting Period

PROFIRE ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Profire Energy, Inc. - PFIE

CECO Environmental Announces Expiration of Tender Offer Period for Outstanding Shares of Profire Energy

CECO Environmental to Present at the 27th Annual Needham Growth Conference on January 17

CECO Environmental Announces Closing of Acquisition of Profire Energy

CECO Environmental Announces Preliminary Fourth Quarter and Full Year 2024 Results and Highlights Key Strategic Transactions

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of CECO Environmental Corp. - CECO

ABM Indus

Mobile Infrastructure Corporation Common Stock

Mobile Infrastructure

BrightView Hldgs

Clean Harbors

Casella Waste Systems, Inc. - Class A Common Stock

Casella Waste Sys

Decent Holding

ESGL Holdings Limited - Class A Ordinary Shares

ESGL Holdings

Fuel Tech

Li-Cycle Holdings

LanzaTech Global

Montrose Environmental Group, Inc. Common Stock

Montrose Environmental Gr

Enviri

Perma-Fix Environmental Services, Inc. - Common Stock

Perma-Fix Envirn Servs

Primech Holdings

Quest Resource Holding Corporation - Common Stock

Quest Resource Holding

Royalty Management Holding Corporation - Class A Common Stock

Royalty Management Hldgs

Rollins

Republic Servs

Rentokil Initial plc American Depositary Shares (each representing five (5) Ordinary Shares)

Comments

CECO Environmental

CECO Environmental (NASDAQ:CECO) Stock, Quote.Headers.trade-ideas

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga