Zacks Research Cuts Earnings Estimates for Waste Connections

Key Points

• Zacks Research has lowered its Q4 2026 earnings per share (EPS) estimate for Waste Connections to $2.06, down from its previous estimate of $2.13, while the consensus for full-year earnings stands at $9.98 per share.
• Despite the EPS downgrade, multiple analysts, including National Bank Financial and Melius Research, have upgraded Waste Connections to a "strong-buy" rating, indicating positive sentiment towards the stock.
• The current stock price of Waste Connections is C$254.35, reflecting a slight decline of 0.3% in trading, with a market capitalization of approximately C$46.23 billion.

Waste Connections, Inc. (TSE:WCN - Free Report) - Analysts at Zacks Research decreased their Q4 2026 EPS estimates for Waste Connections in a research note issued on Wednesday, August 13th. Zacks Research analyst Team now expects that the company will post earnings per share of $2.06 for the quarter, down from their prior estimate of $2.13. The consensus estimate for Waste Connections' current full-year earnings is $9.98 per share.

A number of other equities research analysts have also recently commented on WCN. Melius Research upgraded shares of Waste Connections to a "strong-buy" rating in a report on Monday, June 9th. National Bank Financial upgraded shares of Waste Connections to a "strong-buy" rating in a report on Monday, May 26th. Seaport Res Ptn upgraded shares of Waste Connections to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Atb Cap Markets upgraded shares of Waste Connections from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. Five research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$265.00.

Waste Connections Stock Down 0.1%

TSE:WCN traded down C$0.20 during trading hours on Friday, reaching C$258.01. The company had a trading volume of 202,434 shares, compared to its average volume of 307,411. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 102.69. The firm has a market cap of C$46.90 billion, a price-to-earnings ratio of 49.87, a P/E/G ratio of 2.22 and a beta of 0.72. The business's 50-day simple moving average is C$254.64 and its two-hundred day simple moving average is C$264.56. Waste Connections has a twelve month low of C$237.56 and a twelve month high of C$284.73.

Insiders Place Their Bets

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. Company insiders own 0.21% of the company's stock.

About Waste Connections

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.