Waste Connections (WCN) Reports Q3 Earnings: What Key Metrics Have to Say

For the quarter ended September 2024, Waste Connections (WCN) reported revenue of $2.34 billion, up 13.3% over the same period last year. EPS came in at $1.35, compared to $1.17 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.29 billion, representing a surprise of +2.18%. The company delivered an EPS surprise of +3.85%, with the consensus EPS estimate being $1.30.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Waste Connections performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Geographic Revenues- Canada: $342.06 million versus the two-analyst average estimate of $306.50 million. The reported number represents a year-over-year change of +30%. Geographic Revenues- Southern: $453.22 million compared to the $460.36 million average estimate based on two analysts. The reported number represents a change of +9.6% year over year. Geographic Revenues- Central: $391.74 million compared to the $399.98 million average estimate based on two analysts. The reported number represents a change of +5.1% year over year. Geographic Revenues- Eastern: $407.67 million compared to the $396.16 million average estimate based on two analysts. The reported number represents a change of +15.5% year over year. Geographic Revenues- Western: $476.24 million versus the two-analyst average estimate of $565.52 million. The reported number represents a year-over-year change of +10.1%. Revenue Breakdown- E&P Waste Treatment, Recovery and Disposal: $147.28 million versus $98.71 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +151.7% change. Revenue Breakdown- Intermodal and Other: $46.88 million versus $45.58 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.5% change. Revenues- E&P: $154.20 million versus $75.86 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +148.5% change. Revenues- Intermodal and other: $47.34 million versus $51.12 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.2% change. Revenues- Intercompany: -$332.04 million compared to the -$326.29 million average estimate based on two analysts. The reported number represents a change of +12.7% year over year. Revenues- Total collection: $1.62 billion compared to the $1.67 billion average estimate based on two analysts. The reported number represents a change of +7.2% year over year. Revenues- Recycling: $69.75 million compared to the $49.83 million average estimate based on two analysts. The reported number represents a change of +93.2% year over year. View all Key Company Metrics for Waste Connections here>>>Shares of Waste Connections have returned -0.1% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Waste Connections, Inc. (WCN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks