Waste Connections (WCN - Free Report) reported $2.06 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 9.8%. EPS of $1.17 for the same period compares to $1.10 a year ago.
The reported revenue represents a surprise of +0.22% over the Zacks Consensus Estimate of $2.06 billion. With the consensus EPS estimate being $1.14, the EPS surprise was +2.63%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Waste Connections performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Revenues- Canada: $263.10 million compared to the $254.41 million average estimate based on two analysts.
- Geographic Revenues- Southern: $413.58 million compared to the $436.44 million average estimate based on two analysts.
- Geographic Revenues- Central: $372.86 million versus $369.27 million estimated by two analysts on average.
- Geographic Revenues- Eastern: $353.11 million compared to the $399.14 million average estimate based on two analysts.
- Geographic Revenues- Western: $432.46 million versus $513.86 million estimated by two analysts on average.
- Revenue Breakdown- E&P Waste Treatment, Recovery and Disposal: $58.51 million versus the six-analyst average estimate of $55.21 million. The reported number represents a year-over-year change of +10.4%.
- Revenues- Total- Waste Management: $2.06 billion versus $2.06 billion estimated by six analysts on average.
- Revenue Breakdown- Intermodal and Other: $44.87 million versus the four-analyst average estimate of $49.73 million. The reported number represents a year-over-year change of -1.5%.
- Revenues- Intercompany: -$294.70 million versus the two-analyst average estimate of -$269.10 million.
- Revenue Breakdown- Solid Waste Disposal and Transfer: $418.25 million versus the two-analyst average estimate of $678.97 million.
- Revenue Breakdown- Solid Waste Collection: $1.51 billion versus $1.51 billion estimated by two analysts on average.
- Revenue Breakdown- Solid Waste Recycling: $35.12 million versus $33.96 million estimated by two analysts on average.
View all Key Company Metrics for Waste Connections here>>>Shares of Waste Connections have returned +1.1% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Waste Connections (WCN - Free Report) reported $2.06 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 9.8%. EPS of $1.17 for the same period compares to $1.10 a year ago.
The reported revenue represents a surprise of +0.22% over the Zacks Consensus Estimate of $2.06 billion. With the consensus EPS estimate being $1.14, the EPS surprise was +2.63%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Waste Connections performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Revenues- Canada: $263.10 million compared to the $254.41 million average estimate based on two analysts.
- Geographic Revenues- Southern: $413.58 million compared to the $436.44 million average estimate based on two analysts.
- Geographic Revenues- Central: $372.86 million versus $369.27 million estimated by two analysts on average.
- Geographic Revenues- Eastern: $353.11 million compared to the $399.14 million average estimate based on two analysts.
- Geographic Revenues- Western: $432.46 million versus $513.86 million estimated by two analysts on average.
- Revenue Breakdown- E&P Waste Treatment, Recovery and Disposal: $58.51 million versus the six-analyst average estimate of $55.21 million. The reported number represents a year-over-year change of +10.4%.
- Revenues- Total- Waste Management: $2.06 billion versus $2.06 billion estimated by six analysts on average.
- Revenue Breakdown- Intermodal and Other: $44.87 million versus the four-analyst average estimate of $49.73 million. The reported number represents a year-over-year change of -1.5%.
- Revenues- Intercompany: -$294.70 million versus the two-analyst average estimate of -$269.10 million.
- Revenue Breakdown- Solid Waste Disposal and Transfer: $418.25 million versus the two-analyst average estimate of $678.97 million.
- Revenue Breakdown- Solid Waste Collection: $1.51 billion versus $1.51 billion estimated by two analysts on average.
- Revenue Breakdown- Solid Waste Recycling: $35.12 million versus $33.96 million estimated by two analysts on average.
View all Key Company Metrics for Waste Connections here>>>Shares of Waste Connections have returned +1.1% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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