William Blair Has Pessimistic Outlook of TSE:WCN Q3 Earnings

Key Points

• William Blair has downgraded Waste Connections' Q3 2025 EPS estimate from $2.02 to $1.87, while maintaining a "Strong-Buy" rating for the stock.
• The consensus estimate for Waste Connections' full-year earnings currently stands at $9.98 per share for the current fiscal year.
• Multiple research firms have upgraded Waste Connections to "strong-buy" ratings, with the stock having an average target price of C$265.00.

Waste Connections, Inc. (TSE:WCN - Free Report) - Equities researchers at William Blair lowered their Q3 2025 EPS estimates for Waste Connections in a report issued on Friday, July 25th. William Blair analyst T. Romeo now expects that the company will post earnings of $1.87 per share for the quarter, down from their prior estimate of $2.02. William Blair currently has a "Strong-Buy" rating on the stock. The consensus estimate for Waste Connections' current full-year earnings is $9.98 per share. William Blair also issued estimates for Waste Connections' FY2025 earnings at $6.93 EPS, Q2 2026 earnings at $1.96 EPS, Q3 2026 earnings at $2.15 EPS, FY2026 earnings at $7.83 EPS and FY2027 earnings at $8.71 EPS.

Several other brokerages have also recently issued reports on WCN. Atb Cap Markets upgraded shares of Waste Connections from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Melius Research upgraded shares of Waste Connections to a "strong-buy" rating in a research report on Monday, June 9th. National Bank Financial upgraded shares of Waste Connections to a "strong-buy" rating in a research report on Monday, May 26th. Finally, Seaport Res Ptn upgraded shares of Waste Connections to a "strong-buy" rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating and five have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of C$265.00.

Waste Connections Trading Up 3.4%

Shares of TSE WCN traded up C$8.67 during midday trading on Monday, hitting C$264.24. 507,118 shares of the company traded hands, compared to its average volume of 308,635. Waste Connections has a 12-month low of C$237.56 and a 12-month high of C$284.73. The company has a debt-to-equity ratio of 102.69, a quick ratio of 0.74 and a current ratio of 0.77. The stock has a 50-day moving average price of C$257.38 and a 200 day moving average price of C$264.64. The firm has a market cap of C$48.03 billion, a P/E ratio of 51.07, a P/E/G ratio of 2.22 and a beta of 0.72.

Insider Buying and Selling

In related news, Senior Officer Robert Andres Nielsen sold 473 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of C$269.79, for a total transaction of C$127,610.67. 0.21% of the stock is owned by insiders.

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.