Waste Connections, Inc. Third Quarter Earnings Sneak Peek

Waste Connections, Inc. (NYSE:WCN) will unveil its latest earnings on Tuesday, October 18, 2011. 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 profit of 40 cents per share, a rise of 14.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 18.5% versus last year to $1.47.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting net income of 39 cents per share against a mean estimate of profit of 38 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $399.2 million in revenue this quarter, a rise of 15.4% from the year ago quarter. Analysts are forecasting total revenue of $1.5 billion for the year, a rise of 13.6% from last year’s revenue of $1.32 billion.

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 second quarter, profit rose 46.1% to $44.4 million (39 cents a share) from $30.4 million (26 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 18.1% to $390.2 million from $330.5 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 32.5% in the first quarter and 55.4% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 7.8% in the first quarter from the year earlier, climbed 8.4% in the fourth quarter of the last fiscal year from the year-ago quarter and 9.4% in the third 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), Stericycle, Inc. (NASDAQ:SRCL), and GreenGold Ray Energies, Inc. (GRYE).

Stock Price Performance: During August 16, 2011 to October 12, 2011, the stock price had risen $2.91 (9.3%) from $31.39 to $34.30. 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. Shares are up $6.97 (+25.5%) year to date.

(Source: Xignite Financials)

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