Waste Connections, Inc. (NYSE:WCN) is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.66 per share.
For the full year, analysts predict revenues of $ 5373.90 million, while looking forward to income of $ 2.51 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 1,370.00 million ~ $ 1,370.00 million
Full Year 2020 topline are forecasted in a range of$ 5,325.00 million ~ $ 5,325.00 million
Click Here For More Historical Outlooks Of Waste Connections, Inc.
Previous Quarter Performance
Waste Connections, Inc. posted income for the second quarter of $ 0.60 per share, from the revenue of $ 1,306.00 million. According to street consensus, WCN was expected to report 2Q20 income of $ 0.55 per share from revenue of $ 1300.00 million. The bottom line results beat street analysts by $ 0.05 or 9.09 percent, at the same time, top line results outshined analysts by $ 6.00 million or 0.46 percent.
Stock Performance
Shares of Waste Connections, Inc. traded low $ -0.89 or -0.87 percent on Tuesday, reaching $ 101.51 with volume of 864.40 thousand shares. Waste Connections, Inc. has traded high as $ 103.00 and has cracked $ 101.51 on the downward trend
According to the previous trading day, closing price of $ 101.51, representing a 44.49 % increase from the 52 week low of $ 70.87 and a 3.48 % decrease over the 52 week high of $ 106.09.
The company has a market capital of $ 26.69 billion and is part of the Industrials sector and Waste Management industry.
Recent Analyst recommendations
- On 13th October 2020, initiated by Morgan Stanley at Overweight rating, with $ 120.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.185 per share on July 23, 2020. The dividend were payable on August 18, 2020 to holders of record as of the close of business on August 4, 2020 and ex-dividend date on August 3, 2020.
Waste Connections, Inc. provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P).
