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.
Countdown to Waste Connections (WCN) Q2 Earnings: Wall Street Forecasts for Key Metrics
Read MoreHide Full Article
The upcoming report from Waste Connections (WCN - Free Report) is expected to reveal quarterly earnings of $1.25 per share, indicating an increase of 0.8% compared to the year-ago period. Analysts forecast revenues of $2.39 billion, representing an increase of 6.4% year over year.
The current level reflects a downward revision of 1.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Waste Connections metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue Breakdown- E&P Waste Treatment, Recovery and Disposal' will likely reach $140.55 million. The estimate points to a change of +13.8% from the year-ago quarter.
The consensus estimate for 'Revenue Breakdown- Intermodal and Other' stands at $51.51 million. The estimate indicates a change of +4.9% from the prior-year quarter.
It is projected by analysts that the 'Revenue Breakdown- Solid Waste Recycling' will reach $65.33 million. The estimate points to a change of +3.2% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue Breakdown- Solid Waste Collection' should come in at $1.69 billion. The estimate suggests a change of +6.5% year over year.
Analysts expect 'Revenues- Total collection' to come in at $1.69 billion. The estimate suggests a change of -25% year over year.
Analysts' assessment points toward 'Revenues- Recycling' reaching $70.45 million. The estimate indicates a change of +11.3% from the prior-year quarter.
The consensus among analysts is that 'Revenues- E&P' will reach $141.13 million. The estimate indicates a year-over-year change of +14.2%.
The collective assessment of analysts points to an estimated 'Geographic Revenues- Canada' of $359.10 million. The estimate indicates a year-over-year change of +12.5%.
Based on the collective assessment of analysts, 'Geographic Revenues- Southern' should arrive at $501.00 million. The estimate suggests a change of +14.1% year over year.
The average prediction of analysts places 'Geographic Revenues- Central' at $429.61 million. The estimate suggests a change of +11.3% year over year.
Analysts predict that the 'Geographic Revenues- Eastern' will reach $447.61 million. The estimate indicates a year-over-year change of +15.9%.
Analysts forecast 'Geographic Revenues- Western' to reach $444.69 million. The estimate indicates a change of -2% from the prior-year quarter.
Shares of Waste Connections have experienced a change of -1.7% in the past month compared to the +5.4% move of the Zacks S&P 500 composite. 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
Countdown to Waste Connections (WCN) Q2 Earnings: Wall Street Forecasts for Key Metrics
The upcoming report from Waste Connections (WCN - Free Report) is expected to reveal quarterly earnings of $1.25 per share, indicating an increase of 0.8% compared to the year-ago period. Analysts forecast revenues of $2.39 billion, representing an increase of 6.4% year over year.
The current level reflects a downward revision of 1.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Waste Connections metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue Breakdown- E&P Waste Treatment, Recovery and Disposal' will likely reach $140.55 million. The estimate points to a change of +13.8% from the year-ago quarter.
The consensus estimate for 'Revenue Breakdown- Intermodal and Other' stands at $51.51 million. The estimate indicates a change of +4.9% from the prior-year quarter.
It is projected by analysts that the 'Revenue Breakdown- Solid Waste Recycling' will reach $65.33 million. The estimate points to a change of +3.2% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue Breakdown- Solid Waste Collection' should come in at $1.69 billion. The estimate suggests a change of +6.5% year over year.
Analysts expect 'Revenues- Total collection' to come in at $1.69 billion. The estimate suggests a change of -25% year over year.
Analysts' assessment points toward 'Revenues- Recycling' reaching $70.45 million. The estimate indicates a change of +11.3% from the prior-year quarter.
The consensus among analysts is that 'Revenues- E&P' will reach $141.13 million. The estimate indicates a year-over-year change of +14.2%.
The collective assessment of analysts points to an estimated 'Geographic Revenues- Canada' of $359.10 million. The estimate indicates a year-over-year change of +12.5%.
Based on the collective assessment of analysts, 'Geographic Revenues- Southern' should arrive at $501.00 million. The estimate suggests a change of +14.1% year over year.
The average prediction of analysts places 'Geographic Revenues- Central' at $429.61 million. The estimate suggests a change of +11.3% year over year.
Analysts predict that the 'Geographic Revenues- Eastern' will reach $447.61 million. The estimate indicates a year-over-year change of +15.9%.
Analysts forecast 'Geographic Revenues- Western' to reach $444.69 million. The estimate indicates a change of -2% from the prior-year quarter.
View all Key Company Metrics for Waste Connections here>>>Shares of Waste Connections have experienced a change of -1.7% in the past month compared to the +5.4% move of the Zacks S&P 500 composite. 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 >>>> .