Recap: Waste Connections Q4 Earnings
Portfolio Pulse from Benzinga Insights
Waste Connections (NYSE:WCN) reported Q4 earnings with an EPS of $1.11, beating estimates by 2.78% and showing a revenue increase of $167 million from the previous year. Despite beating EPS estimates in the past, such as by $0.03 last quarter, the share price dropped by 6.94% the following day. The company has consistently surpassed revenue and EPS estimates over the past four quarters.
February 13, 2024 | 9:40 pm
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Waste Connections reported a positive Q4 earnings beat with an EPS of $1.11, surpassing estimates and showing significant revenue growth from the previous year.
Waste Connections' positive earnings report, beating EPS estimates and showing revenue growth, typically would signal a positive short-term impact on its stock price. However, historical context shows that past earnings beats were followed by a drop in share price the next day, indicating that while the earnings beat is positive, investor reaction may vary based on past performance trends.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100