Waste Connections (WCN) Q2 Earnings Report Preview: What To Look For
Waste Connections met analysts' revenue expectations last quarter, reporting revenues of $2.23 billion, up 7.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' organic revenue estimates and a solid beat of analysts' adjusted operating income estimates.
Is Waste Connections a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Waste Connections's revenue to grow 6.4% year on year to $2.39 billion, slowing from the 11.2% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Waste Connections has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 0.7% 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, there has been positive investor sentiment in the segment, with share prices up 5.9% on average over the last month. Waste Connections is down 3% during the same time.
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