Earnings Outlook For Waste Connections
Waste Connections (NYSE: WCN) announces its next round of earnings Wednesday. Here's Benzinga's advanced look at Waste Connections' Q4 earnings report.
Earnings and Revenue
Analysts expect Waste Connections earnings of 49 cents per share. Revenue will likely be around $1.13 billion, according to the consensus estimate.
If the company were to match the estimate, earnings would be down 27.94 percent. Sales would be up 7.72 percent from the year-ago period. Here's how the company's reported EPS has compared to analyst estimates in the past:
Quarter | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 |
EPS Estimate | 0.58 | 0.53 | 0.69 | 0.64 |
EPS Actual | 0.6 | 0.55 | 0.74 | 0.68 |
Q4 EPS Estimate: 49 cents per share
Q4 Revenues Estimate: $1.13 billion
Stock Performance
Over the last 52-week period, shares are up 27.17 percent. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. Analysts generally rate Waste Connections stock as Neutral. The strength of this rating has maintained conviction over the past three months.
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