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Here's What Key Metrics Tell Us About Waste Connections (WCN) Q3 Earnings
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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.
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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Here's What Key Metrics Tell Us About Waste Connections (WCN) Q3 Earnings
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.