Zacks Research Has Negative Forecast for TSE:WCN Q3 Earnings

Key Points

• Zacks Research has revised down its Q3 2025 earnings per share estimate for Waste Connections from $2.01 to $1.89.
• Despite the earnings revision, multiple equities research analysts have upgraded Waste Connections to a "strong-buy" rating, reflecting positive market sentiment.
• The company reports a current market cap of C$46.46 billion with a price-to-earnings ratio of 49.40, indicating a premium valuation.

Waste Connections, Inc. (TSE:WCN - Free Report) - Research analysts at Zacks Research lowered their Q3 2025 EPS estimates for shares of Waste Connections in a report released on Wednesday, August 13th. Zacks Research analyst R. Department now expects that the company will post earnings of $1.89 per share for the quarter, down from their prior forecast of $2.01. The consensus estimate for Waste Connections' current full-year earnings is $9.98 per share. Zacks Research also issued estimates for Waste Connections' Q4 2025 earnings at $1.73 EPS, FY2025 earnings at $6.96 EPS, Q1 2026 earnings at $1.69 EPS, Q2 2026 earnings at $1.98 EPS, Q3 2026 earnings at $2.00 EPS, FY2026 earnings at $7.72 EPS, Q1 2027 earnings at $1.90 EPS, Q2 2027 earnings at $2.19 EPS and FY2027 earnings at $8.73 EPS.

Other equities research analysts have also recently issued reports about the company. National Bank Financial upgraded Waste Connections to a "strong-buy" rating in a research note on Monday, May 26th. Seaport Res Ptn raised Waste Connections to a "strong-buy" rating in a research note on Tuesday, May 6th. Melius Research raised Waste Connections to a "strong-buy" rating in a research note on Monday, June 9th. Finally, Atb Cap Markets upgraded Waste Connections from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. Five equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$265.00.

Waste Connections Stock Performance

Shares of TSE:WCN traded up C$2.00 during midday trading on Thursday, reaching C$257.26. The company had a trading volume of 83,422 shares, compared to its average volume of 307,415. The company's 50 day moving average price is C$254.64 and its 200 day moving average price is C$264.60. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 102.69. The stock has a market cap of C$46.76 billion, a P/E ratio of 49.72, a P/E/G ratio of 2.22 and a beta of 0.72. Waste Connections has a 52-week low of C$237.56 and a 52-week high of C$284.73.

Insider Activity at Waste Connections

In other news, Senior Officer Robert Andres Nielsen sold 473 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of C$269.79, for a total value of C$127,610.67. 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.