Waste Connections (WCN) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.17 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Waste Connections (WCN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
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I reiterate a 'Buy' rating for Waste Connections, with a fair value of $200 per share, due to strong margin expansion and pricing growth. Waste Connections reported 11.2% revenue growth and 16.4% EBITDA increase, driven by terminating lower-margin contracts and optimizing cost structures. The company has a robust M&A pipeline, expecting $700 million additional revenue in FY24, with $1.5 billion already spent on acquisitions this year.
Waste Connections (WCN) reported earnings 30 days ago. What's next for the stock?
Waste Connections (WCN) gains from a decentralized operational structure and acquisitions.
Hold rating recommended for Waste Connections stock due to near-term upsides already priced in. Positive outlook on high-single-digit topline growth and EBITDA margin expansion. Execution on labour management has been very positive so far, and this should easily drive another 100bps of margin expansion.
Waste Connections (WCN) records improved segmental performances in the second quarter of 2024.
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While the top- and bottom-line numbers for Waste Connections (WCN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Waste Connections (WCN) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.02 per share a year ago.
Waste Connections (WCN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.