Waste Connections Inc.’s (WCN - Free Report) operational efficiency and acquisitions serve as pivotal growth drivers. Low liquidity and foreign currency risk are concerning.
WCN has an impressive Growth Score of B. This style score condenses all the essential metrics from a company’s financial statements to get a true sense of the quality and sustainability of its growth.
Waste Connections reported solid second-quarter 2023 results, wherein both earnings and revenues surpassed the respective Zacks Consensus Estimate. Adjusted earnings (excluding 21 cents from non-recurring items) of $1.02 per share beat the consensus estimate by 1% and increased 2% year over year. Revenues of $2.02 billion topped the consensus estimate by 0.6% and rose 11.3% year over year. Acquisitions contributed $141.36 million to revenues in the reported quarter.
Factors That Augur Well
Waste Connections prioritizes secondary and rural markets for a strong local presence, reducing customer turnover and improving financial performance. The company focuses on niche markets, like E&P waste treatment, where early entry in rural regions is vital due to limited alternatives. It aims to expand market share, provide more services and leverage franchise platforms to reach customers beyond exclusive territories.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Waste Connections Inc.’s (WCN - Free Report) operational efficiency and acquisitions serve as pivotal growth drivers. Low liquidity and foreign currency risk are concerning.
WCN has an impressive Growth Score of B. This style score condenses all the essential metrics from a company’s financial statements to get a true sense of the quality and sustainability of its growth.
Waste Connections reported solid second-quarter 2023 results, wherein both earnings and revenues surpassed the respective Zacks Consensus Estimate. Adjusted earnings (excluding 21 cents from non-recurring items) of $1.02 per share beat the consensus estimate by 1% and increased 2% year over year. Revenues of $2.02 billion topped the consensus estimate by 0.6% and rose 11.3% year over year. Acquisitions contributed $141.36 million to revenues in the reported quarter.
Factors That Augur Well
Waste Connections prioritizes secondary and rural markets for a strong local presence, reducing customer turnover and improving financial performance. The company focuses on niche markets, like E&P waste treatment, where early entry in rural regions is vital due to limited alternatives. It aims to expand market share, provide more services and leverage franchise platforms to reach customers beyond exclusive territories.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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