Zacks Research Expects Weaker Earnings 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) - Investment analysts at Zacks Research decreased their Q4 2026 EPS estimates for Waste Connections in a report issued on Wednesday, August 13th. Zacks Research analyst Team now anticipates that the company will post earnings of $2.06 per share for the quarter, down from their previous forecast of $2.13. The consensus estimate for Waste Connections' current full-year earnings is $9.98 per share.

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

Waste Connections Trading Down 0.3%

TSE:WCN traded down C$0.89 during trading hours on Friday, hitting C$254.35. The company had a trading volume of 42,389 shares, compared to its average volume of 308,263. The company has a market capitalization of C$46.23 billion, a PE ratio of 49.16, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72. The stock has a 50-day moving average price of C$254.81 and a 200 day moving average price of C$264.75. Waste Connections has a 52 week low of C$237.56 and a 52 week high of C$284.73. The company has a debt-to-equity ratio of 102.69, a current ratio of 0.77 and a quick ratio of 0.74.

Insider Activity

In other news, Senior Officer Robert Andres Nielsen sold 473 shares of Waste Connections stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of C$269.79, for a total value of C$127,610.67. 0.21% of the stock is currently owned by corporate insiders.

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.

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