Benzinga | Aug 3, 2021 10:52AM EDT

Earnings Outlook For Waste Connections

On Wednesday, August 04, Waste Connections (NYSE:WCN) will release its latest earnings report. Decipher the announcement with Benzinga's help.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts covering Waste Connections modeled for quarterly EPS of $0.77 on revenue of $1.49 billion. Waste Connections reported a per-share profit of $0.6 when it published results during the same quarter last year. Sales in that period totaled $1.31 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and maymove the stock by a considerable margin.

If the company were to match the consensus estimate when it reports Wednesday, EPS would be up 28.33%. Revenue would be up 14.09% on a year-over-year basis. Here is how the company's EPS has stacked up against analyst estimates in the past: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate 0.67 0.63 0.66 0.55EPS Actual 0.70 0.68 0.72 0.60Revenue Estimate 1.38 B 1.35 B 1.38 B 1.30 BRevenue Actual 1.40 B 1.40 B 1.39 B 1.31 B

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of Waste Connections were trading at $126.3 as of August 02. Over the last 52-week period, shares are up 24.88%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Waste Connections is scheduled to hold the call at 08:30:00 ET and can be accessed here.