
CECO Stock Forecast & Price Target
CECO Analyst Ratings
Bulls say
CECO Environmental Corp reported significant growth in revenue, achieving a 46% year-over-year increase to $197.6 million, surpassing market expectations. The company also experienced a remarkable surge in orders, with a record total of $274 million in Q2, representing a 95% year-over-year increase and a 20% sequential growth. Additionally, CECO's long-term pipeline of opportunities has expanded to over $5.8 billion, indicating a strong future outlook for the company's diverse market segments.
Bears say
CECO Environmental's stock exhibits a negative outlook primarily due to its financial performance indicators, particularly in relation to EBITDA and gross profit margins. The company's EBITDA fell short of market expectations, revealing a seasonal decline in gross margins that were recorded at 32.7%, down from the previous year and well below consensus estimates. Additionally, significant cash outflows were observed as cash and cash equivalents decreased from $147 million to $36.8 million, indicating financial stress despite a reduction in total debt from $337 million to $238.7 million.
This aggregate rating is based on analysts' research of CECO Environmental Corp and is not a guaranteed prediction by Public.com or investment advice.
CECO Analyst Forecast & Price Prediction
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