Waste Connections Q3 Earnings Outlook

On Monday, October 28, Waste Connections WCN will release its latest earnings report. Benzinga's outlook for Waste Connections is included in the following report.

Earnings and Revenue

Wall Street expects EPS of 71 cents and sales around $1.41 billion.

Waste Connections EPS in the same period a year ago totaled 69 cents. Sales were $1.28 billion. The Wall Street estimate would represent a 2.90% increase in the company's earnings. Revenue would be up 10.07% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

For a full 12 months, the return has risen by 27.43%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Over the past 90 days, analysts have generally adjusted their estimates higher for EPS and revenues. Analysts seem to have settled on a Neutral rating with Waste Connections. The strength of this rating has maintained conviction over the past three months.