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TELUS (TU) Teams Up With Taoglas to Boost Waste Management

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TELUS Corporation (TU - Free Report) collaborated with Taoglas Waste Technologies for improving waste management. Taoglas specializes in providing Enterprise Resource Planning (“ERP”) software for smart waste management to enterprises and municipal bodies.

TELUS will combine its TELUS Smart City solution with the Taoglas Waste Insights software platform to enable cities across Canada to substantially improve their waste management system.

The combination of these solutions will help achieve greater efficiency and sustainability benefits by tracking and analyzing trash movement with sensors, and a variety of deep insights and analytics.

TELUS Corporation Price and Consensus

 

TELUS Corporation Price and Consensus

TELUS Corporation price-consensus-chart | TELUS Corporation Quote

Taoglas cited in a World Bank Group report that more than two billion tons of municipal solid waste are created each year. Of this, nearly one-third of waste ends up being mismanaged through open dumping or burning. The company noted that solid waste generation over the next few years could witness a 70% increase. Due to this and inefficient waste management practices, the global waste management situation could worsen dramatically.

The partnership will help lower operational costs by reducing the number of vehicles, waste bins, and fuel and service costs. The environment will also benefit greatly from the reduction in carbon dioxide emissions, overflowing bins, lowering of noise levels and fuel consumption.

TELUS is a fast-growing, global communications technology firm with nearly 17 million customers across wireless, broadband, IP, voice, television, entertainment, video and security. The company's social mission is to use its world-class technology for social change.

TELUS recently reported healthy first-quarter 2022 results. It reported adjusted earnings per share of C$0.30 (24 cents) in first-quarter 2022 compared with C$0.27 per share in the prior-year quarter. The bottom line beat the Zacks Consensus Estimate of 23 cents.
 
Subscriber growth and double-digit revenue growth across the TELUS International, TELUS Health and TELUS Agriculture segments boosted the company’s top-line performance. Quarterly total operating revenues increased 6.4% year over year to C$4,282 million ($3,381 million).

Key Picks

TELUS currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader industry are Vistra (VST - Free Report) , RWE AG (RWEOY - Free Report) and National Fuel Gas Company (NFG - Free Report) . Vistra, RWE and National Fuel currently sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Vistra’s 2022 earnings is pegged at $2.18 per share, rising 14.2% in the past 60 days. The long-term earnings growth rate is anticipated to be 69.4%.

Vistra’s earnings missed the Zacks Consensus Estimate in all of the last four quarters, the average being 84.5%. Shares of Vistra have gained 49.7% in the past year.

The Zacks Consensus Estimate for RWE’s 2022 earnings is pegged at $2.72 per share, rising 12% in the past 60 days. The long-term earnings growth rate is anticipated to be 4.5%.

Shares of RWE have risen 10.4% in the past year.

The Zacks Consensus Estimate for National Fuel Gas’s 2022 earnings is pegged at $6.07 per share, rising 12.6% in the past 60 days. The long-term earnings growth rate is anticipated to be 10%.

National Fuel’s earnings beat the Zacks Consensus Estimate in all of the last four quarters, the average being 9.9%. Shares of National Fuel have gained 26.5% in the past year.


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