✔ Waste Connections Inc. (WCN, Financial) posted a solid first-quarter performance with a 7.5% revenue increase, meeting Wall Street expectations.
✔ Adjusted earnings per share rose to $1.13, surpassing the anticipated $1.08, driven by increased service rates despite weather challenges.
✔ Analysts foresee a promising upside potential of 7.09%, with a consensus "Outperform" rating among 23 brokerage firms.
Impressive Financial Performance
Waste Connections Inc. (WCN, Financial) has showcased its robustness with a commendable 7.5% rise in first-quarter revenue, reaching $2.23 billion. This performance aligns with Wall Street forecasts, reflecting the company’s resilience and effective operational strategies. Notably, the adjusted earnings per share (EPS) climbed to $1.13, outperforming the projected $1.08. This growth is attributed to increased service rates, which effectively mitigated the adverse effects of challenging weather conditions.
Analyst Projections and Price Targets
The expert analysis of 18 financial analysts sets the average one-year price target for Waste Connections Inc. (WCN, Financial) at $209.56, with possible high and low estimates of $219.00 and $197.00, respectively. This forecast suggests a 7.09% upside from the current trading price of $195.68. Investors can find more in-depth forecast details on the Waste Connections Inc (WCN) Forecast page.
Brokerage Recommendations
The consensus among 23 brokerage firms is an "Outperform" rating for Waste Connections Inc. (WCN, Financial), with an average recommendation score of 2.2. This rating scale ranges from 1 (Strong Buy) to 5 (Sell), indicating generally positive sentiments from financial experts toward the company's market prospects.
Evaluating GF Value
According to GuruFocus estimates, the estimated GF Value for Waste Connections Inc (WCN, Financial) in one year is pegged at $195.30, which signals a slight downside of 0.19% from the current price of $195.68. The GF Value metric combines historical trading multiples and past business growth with future performance estimates to assess fair value. More detailed insights and data are readily available on the Waste Connections Inc (WCN) Summary page.
