Waste Connections, Inc. Second Quarter Earnings Sneak Peek

Waste Connections, Inc. (NASDAQ:WCN) will unveil its latest earnings on Tuesday, July 19, 2011. Waste Connections, Inc. 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 U.S.

Waste Connections, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 38 cents per share, a rise of 18.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 37 cents. For the year, analysts are projecting net income of $1.46 per share, a rise of 17.7% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 32 cents per share versus a mean estimate of net income of 30 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $382.8 million in revenue this quarter, a rise of 15.8% from the year ago quarter. Analysts are forecasting total revenue of $1.48 billion for the year, a rise of 12.1% from last year’s revenue of $1.32 billion.

Analyst Ratings: Analysts are bullish on this stock with six analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 32.5% while it rose 55.4% in the fourth quarter of the last fiscal year and 20% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 7.8% to $331.5 million in first quarter. The figure rose 8.4% in the fourth quarter of the last fiscal year from the year earlier, climbed 9.4% in the third quarter of the last fiscal year from the year-ago quarter and 9.1% in the second quarter of the last fiscal year.

Competitors to Watch: Waste Management, Inc. (NYSE:WM), Republic Services, Inc. (NYSE:RSG), Casella Waste Systems Inc. (NASDAQ:CWST), WCA Waste Corporation (NASDAQ:WCAA), Perma-Fix Environmental Services, Inc. (NASDAQ:PESI), IESI BFC Ltd (NYSE:BIN), Avalon Holdings Corp. (AMEX:AWX), Industrial Services of America, Inc. (NASDAQ:IDSA) and Stericycle, Inc. (NASDAQ:SRCL).

Stock Price Performance: During April 15, 2011 to July 13, 2011, the stock price had risen $3.10 (10.4%) from $29.74 to $32.84. Shares have been on a negative streak of late, closing down every day between July 11, 2011 and July 13, 2011. The stock price saw one of its best stretches over the last year between January 3, 2011, and January 11, 2011, when shares rose for seven-straight days, rising 3% (+80 cents) over that span. Shares are up $5.45 (+19.9%) year to date.

(Source: Xignite Financials)

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