Waste Connections Inc. Fourth Quarter Earnings Sneak Peek

Waste Connections, Inc. (NYSE:WCN) will unveil its latest earnings on Tuesday, February 7, 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 estimate of analysts is for net income of 35 cents per share, a rise of 9.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 36 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 35 cents during the last month. For the year, analysts are projecting profit of $1.48 per share, a rise of 19.4% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting net income of 42 cents per share against a mean estimate of profit of 40 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 12.2% in revenue from the year-earlier quarter to $377.1 million.

Analyst Ratings: Analysts are bullish on this 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 third quarter, profit rose 13% to $46.3 million (41 cents a share) from $41 million (35 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 16.8% to $404 million from $345.8 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 46.1% in the second quarter and 32.5% in the first quarter.

Revenue has risen the past four quarters. Revenue rose 18.1% in the second quarter from the year earlier, climbed 7.8% in the first quarter from the year-ago quarter and 8.4% in the fourth quarter of the last fiscal year.

Stock Price Performance: During November 3, 2011 to February 1, 2012, the stock price had fallen 77 cents (-2.3%) from $33.80 to $33.03. 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, rising 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, falling 5.2% (-$1.77) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com