Preview: Waste Connections's Earnings
Portfolio Pulse from Benzinga Insights
Waste Connections (NYSE:WCN) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts estimating an EPS of $1.08. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 6.94% drop. Shares are currently trading at $212.69, up 16.36% over the last year. Investors are advised to watch for the company's guidance for future growth, which could significantly influence the stock price.
February 12, 2024 | 2:01 pm
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Waste Connections is expected to report an EPS of $1.08 for the upcoming quarter. Historical data shows that earnings beats or misses can lead to significant stock price movements, especially when accompanied by future growth guidance.
Given Waste Connections' history of mixed stock price reactions to earnings reports, the short-term impact is uncertain. However, positive guidance could lead to an uptick in stock price, while a lack of or negative guidance could result in a downturn. The company's recent performance and the 16.36% year-over-year stock increase suggest a generally positive outlook, but investor sentiment can be significantly swayed by the earnings report and future projections.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100