TSE:WCN Q3 EPS Estimate Decreased by National Bank Financial

Key Points

• National Bank Financial has reduced its Q3 2025 earnings per share estimate for Waste Connections from $2.03 to $1.89, while maintaining a "Strong-Buy" rating on the stock.
• The consensus target price for Waste Connections stands at C$265.00, with an average rating of "Buy" from various analysts, including multiple upgrades to "strong-buy."
• Waste Connections currently has a market cap of C$46.59 billion and has traded between C$237.56 and C$284.73 over the past year.

Waste Connections, Inc. (TSE:WCN - Free Report) - Analysts at National Bank Financial lowered their Q3 2025 EPS estimates for Waste Connections in a note issued to investors on Thursday, July 24th. National Bank Financial analyst M. Doumet now anticipates that the company will earn $1.89 per share for the quarter, down from their prior estimate of $2.03. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for Waste Connections' current full-year earnings is $9.98 per share. National Bank Financial also issued estimates for Waste Connections' Q4 2025 earnings at $1.82 EPS, FY2025 earnings at $7.04 EPS and FY2026 earnings at $7.80 EPS.

A number of other research firms have also recently commented on WCN. William Blair raised shares of Waste Connections to a "strong-buy" rating in a research report on Thursday, April 3rd. Melius Research raised shares of Waste Connections to a "strong-buy" rating in a research report on Monday, June 9th. Seaport Res Ptn raised shares of Waste Connections to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Atb Cap Markets raised shares of Waste Connections from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Two equities research analysts have rated the stock with a hold rating and five have issued a strong buy rating to the stock. According to MarketBeat, Waste Connections has an average rating of "Buy" and an average target price of C$265.00.

Waste Connections Trading Up 3.4%

Shares of WCN traded up C$8.67 during mid-day trading on Monday, reaching C$264.24. The stock had a trading volume of 507,118 shares, compared to its average volume of 308,635. The company has a debt-to-equity ratio of 102.69, a current ratio of 0.77 and a quick ratio of 0.74. Waste Connections has a 52-week low of C$237.56 and a 52-week high of C$284.73. The business's fifty day moving average is C$257.38 and its 200 day moving average is C$264.64. The firm has a market cap of C$48.03 billion, a price-to-earnings ratio of 51.07, a P/E/G ratio of 2.22 and a beta of 0.72.

Insider Activity

In related news, Senior Officer Robert Andres Nielsen sold 473 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of C$269.79, for a total value of C$127,610.67. Corporate insiders own 0.21% of the company's stock.

Waste Connections Company Profile

Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets.