
CECO Stock Forecast & Price Target
CECO Analyst Ratings
Bulls say
CECO Environmental Corp has demonstrated impressive growth with Q4 bookings reaching $219 million, reflecting a 71% year-over-year increase and a robust order intake. Revenue for Q4 also surpassed expectations, coming in at $158.6 million, which is a 3% increase year-over-year and indicative of solid sequential growth. Additionally, the company's backlog of $541 million, driven by strong demand including significant power generation projects, alongside a growing sales opportunity pipeline of $4.5 billion, underscores a positive outlook for future revenue and operational performance.
Bears say
CECO Environmental Corp. reported a negative financial performance in 2024, evidenced by adjusted free cash flow turning into a use of $(4.4) million, a significant decline from both the prior quarter and the year-ago period. Despite positive bookings, the company's revenues and adjusted EBITDA were adversely impacted by customer-driven delays, leading to a modest decline in EBITDA margins and operational cash flow compared to previous periods. Additionally, the company's outlook for 2025 remains uncertain, as investors are wary of revenue execution following the disappointing financial results in Q4 and the entirety of 2024.
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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