We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What Analyst Projections for Key Metrics Reveal About Waste Connections (WCN) Q1 Earnings
Read MoreHide Full Article
The upcoming report from Waste Connections (WCN - Free Report) is expected to reveal quarterly earnings of $1.07 per share, indicating an increase of 2.9% compared to the year-ago period. Analysts forecast revenues of $2.22 billion, representing an increase of 7.1% year over year.
Over the last 30 days, there has been a downward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Waste Connections metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Revenue Breakdown- E&P Waste Treatment, Recovery and Disposal' to come in at $119.94 million. The estimate points to a change of +131.7% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue Breakdown- Intermodal and Other' of $54.46 million. The estimate indicates a year-over-year change of +42.5%.
The average prediction of analysts places 'Revenues- E&P' at $116.93 million. The estimate indicates a change of +20% from the prior-year quarter.
The consensus estimate for 'Revenues- Intermodal and other' stands at $55.14 million. The estimate indicates a change of +11.3% from the prior-year quarter.
Analysts predict that the 'Revenues- Total collection' will reach $1.60 billion. The estimate indicates a change of +5.8% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Recycling' should come in at $46.25 million. The estimate indicates a year-over-year change of -5.7%.
The combined assessment of analysts suggests that 'Geographic Revenues- Canada' will likely reach $330.45 million. The estimate suggests a change of +17.9% year over year.
Based on the collective assessment of analysts, 'Geographic Revenues- Southern' should arrive at $457.70 million. The estimate suggests a change of +9.3% year over year.
The consensus among analysts is that 'Geographic Revenues- Central' will reach $395.83 million. The estimate points to a change of +9.7% from the year-ago quarter.
It is projected by analysts that the 'Geographic Revenues- Eastern' will reach $405.97 million. The estimate indicates a year-over-year change of +12.8%.
Analysts forecast 'Geographic Revenues- Western' to reach $454.36 million. The estimate indicates a change of +7.6% from the prior-year quarter.
Analysts' assessment points toward 'Segment EBITDA- Western' reaching $126.49 million. Compared to the present estimate, the company reported $113.05 million in the same quarter last year.
Shares of Waste Connections have demonstrated returns of +3.1% over the past month compared to the Zacks S&P 500 composite's -6.3% change. With a Zacks Rank #3 (Hold), WCN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
What Analyst Projections for Key Metrics Reveal About Waste Connections (WCN) Q1 Earnings
The upcoming report from Waste Connections (WCN - Free Report) is expected to reveal quarterly earnings of $1.07 per share, indicating an increase of 2.9% compared to the year-ago period. Analysts forecast revenues of $2.22 billion, representing an increase of 7.1% year over year.
Over the last 30 days, there has been a downward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Waste Connections metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Revenue Breakdown- E&P Waste Treatment, Recovery and Disposal' to come in at $119.94 million. The estimate points to a change of +131.7% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue Breakdown- Intermodal and Other' of $54.46 million. The estimate indicates a year-over-year change of +42.5%.
The average prediction of analysts places 'Revenues- E&P' at $116.93 million. The estimate indicates a change of +20% from the prior-year quarter.
The consensus estimate for 'Revenues- Intermodal and other' stands at $55.14 million. The estimate indicates a change of +11.3% from the prior-year quarter.
Analysts predict that the 'Revenues- Total collection' will reach $1.60 billion. The estimate indicates a change of +5.8% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Recycling' should come in at $46.25 million. The estimate indicates a year-over-year change of -5.7%.
The combined assessment of analysts suggests that 'Geographic Revenues- Canada' will likely reach $330.45 million. The estimate suggests a change of +17.9% year over year.
Based on the collective assessment of analysts, 'Geographic Revenues- Southern' should arrive at $457.70 million. The estimate suggests a change of +9.3% year over year.
The consensus among analysts is that 'Geographic Revenues- Central' will reach $395.83 million. The estimate points to a change of +9.7% from the year-ago quarter.
It is projected by analysts that the 'Geographic Revenues- Eastern' will reach $405.97 million. The estimate indicates a year-over-year change of +12.8%.
Analysts forecast 'Geographic Revenues- Western' to reach $454.36 million. The estimate indicates a change of +7.6% from the prior-year quarter.
Analysts' assessment points toward 'Segment EBITDA- Western' reaching $126.49 million. Compared to the present estimate, the company reported $113.05 million in the same quarter last year.
View all Key Company Metrics for Waste Connections here>>>
Shares of Waste Connections have demonstrated returns of +3.1% over the past month compared to the Zacks S&P 500 composite's -6.3% change. With a Zacks Rank #3 (Hold), WCN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>