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Waste Connections (WCN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended March 2024, Waste Connections (WCN - Free Report) reported revenue of $2.07 billion, up 9.1% over the same period last year. EPS came in at $1.04, compared to $0.89 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.05 billion, representing a surprise of +0.97%. The company delivered an EPS surprise of +1.96%, with the consensus EPS estimate being $1.02.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $280.36 million compared to the $254.76 million average estimate based on two analysts. The reported number represents a change of +23.4% year over year.
Geographic Revenues- Southern: $418.95 million compared to the $420.39 million average estimate based on two analysts. The reported number represents a change of -6.3% year over year.
Geographic Revenues- Central: $360.93 million versus $368.55 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.1% change.
Geographic Revenues- Eastern: $360.06 million versus the two-analyst average estimate of $353.24 million. The reported number represents a year-over-year change of -26.7%.
Geographic Revenues- Western: $422.25 million compared to the $514.80 million average estimate based on two analysts. The reported number represents a change of +3% year over year.
Revenue Breakdown- E&P Waste Treatment, Recovery and Disposal: $51.76 million compared to the $63.52 million average estimate based on seven analysts. The reported number represents a change of 0% year over year.
Revenue Breakdown- Intermodal and Other: $38.21 million compared to the $38.05 million average estimate based on four analysts. The reported number represents a change of 0% year over year.
Revenue Breakdown- Solid Waste Recycling: $31.30 million compared to the $38.79 million average estimate based on two analysts. The reported number represents a change of 0% year over year.
Revenue Breakdown- Solid Waste Collection: $1.43 billion compared to the $1.54 billion average estimate based on two analysts. The reported number represents a change of 0% year over year.
Revenues- Intercompany: -$293.74 million compared to the -$295.98 million average estimate based on two analysts.
Revenue Breakdown- Solid Waste Disposal and Transfer: $616.95 million compared to the $535.21 million average estimate based on two analysts. The reported number represents a change of 0% year over year.
Shares of Waste Connections have returned -3.2% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Waste Connections (WCN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended March 2024, Waste Connections (WCN - Free Report) reported revenue of $2.07 billion, up 9.1% over the same period last year. EPS came in at $1.04, compared to $0.89 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.05 billion, representing a surprise of +0.97%. The company delivered an EPS surprise of +1.96%, with the consensus EPS estimate being $1.02.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $280.36 million compared to the $254.76 million average estimate based on two analysts. The reported number represents a change of +23.4% year over year.
- Geographic Revenues- Southern: $418.95 million compared to the $420.39 million average estimate based on two analysts. The reported number represents a change of -6.3% year over year.
- Geographic Revenues- Central: $360.93 million versus $368.55 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.1% change.
- Geographic Revenues- Eastern: $360.06 million versus the two-analyst average estimate of $353.24 million. The reported number represents a year-over-year change of -26.7%.
- Geographic Revenues- Western: $422.25 million compared to the $514.80 million average estimate based on two analysts. The reported number represents a change of +3% year over year.
- Revenue Breakdown- E&P Waste Treatment, Recovery and Disposal: $51.76 million compared to the $63.52 million average estimate based on seven analysts. The reported number represents a change of 0% year over year.
- Revenue Breakdown- Intermodal and Other: $38.21 million compared to the $38.05 million average estimate based on four analysts. The reported number represents a change of 0% year over year.
- Revenue Breakdown- Solid Waste Recycling: $31.30 million compared to the $38.79 million average estimate based on two analysts. The reported number represents a change of 0% year over year.
- Revenue Breakdown- Solid Waste Collection: $1.43 billion compared to the $1.54 billion average estimate based on two analysts. The reported number represents a change of 0% year over year.
- Revenues- Intercompany: -$293.74 million compared to the -$295.98 million average estimate based on two analysts.
- Revenue Breakdown- Solid Waste Disposal and Transfer: $616.95 million compared to the $535.21 million average estimate based on two analysts. The reported number represents a change of 0% year over year.
View all Key Company Metrics for Waste Connections here>>>Shares of Waste Connections have returned -3.2% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.