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Waste Connections (WCN) To Report Earnings Tomorrow: Here Is What To Expect

WCN Cover Image

Waste management company Waste Connections (NYSE: WCN) will be reporting earnings this Tuesday after market hours. Here’s what to expect.

Waste Connections beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $2.41 billion, up 7.1% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a narrow beat of analysts’ revenue estimates.

Is Waste Connections a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Waste Connections’s revenue to grow 4.9% year on year to $2.45 billion, slowing from the 13.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.38 per share.

Waste Connections Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Waste Connections has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 0.5% on average.

With Waste Connections being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for environmental and facilities services stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Waste Connections’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $206.77 (compared to the current share price of $172.97).

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