Waste Connections Inc. First Quarter Earnings Sneak Peek

Waste Connections, Inc. (NYSE:WCN) will unveil its latest earnings on Wednesday, April 25, 2012. Waste Connections is an integrated solid waste services company that provides solid waste collection, transfer, disposal and recycling services in mostly secondary markets in the western and southern United States.

Waste Connections, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 32 cents per share, no change from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 35 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 32 cents during the last month. Analysts are projecting profit to rise by 0.7% versus last year to $1.48.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported net income of 34 cents per share versus a mean estimate of profit of 35 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $374.6 million in revenue this quarter, a rise of 13% from the year-ago quarter. Analysts are forecasting total revenue of $1.62 billion for the year, a rise of 7.3% from last year’s revenue of $1.51 billion.

Analyst Ratings: Analysts are high on the stock, with four analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 5% to $38 million (33 cents a share) from $36.1 million (32 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 13% to $379.8 million from $336 million.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 46.1% in the second quarter of the last fiscal year and 13% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 7.8% in the first quarter of the last fiscal year, 18.1% in the second quarter of the last fiscal year and 16.8% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 22, 2012 and April 19, 2012, the stock price had risen 72 cents (2.3%), from $31.80 to $32.52. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 8, 2011, when shares rose for 10 straight days, increasing 5.1% (+$1.59) over that span. It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven straight days, dropping 5.2% (-$1.77) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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