Waste Connections Shares Decline 3% Despite Q3 Earnings Beat

Zacks10-28

Waste Connections, Inc. WCN reported solid third-quarter 2024 results, wherein earnings and revenues outpaced the Zacks Consensus Estimates. See Zacks Earnings Calendar to stay ahead of market-making ...

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WCN reported solid third-quarter 2024 results, wherein earnings and revenues outpaced the Zacks Consensus Estimates.\nSee Zacks Earnings Calendar to stay ahead of market-making ...</p>\n\n<a href=\"https://finance.yahoo.com/news/waste-connections-shares-decline-3-155000622.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Waste Connections Shares Decline 3% Despite Q3 Earnings Beat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWaste Connections Shares Decline 3% Despite Q3 Earnings Beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-28 23:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/waste-connections-shares-decline-3-155000622.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Waste Connections, Inc. WCN reported solid third-quarter 2024 results, wherein earnings and revenues outpaced the Zacks Consensus Estimates.\nSee Zacks Earnings Calendar to stay ahead of market-making ...</p>\n\n<a href=\"https://finance.yahoo.com/news/waste-connections-shares-decline-3-155000622.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WCN","symbol_name":"Waste Connections Inc","start_time":0,"source_url":"https://finance.yahoo.com/news/waste-connections-shares-decline-3-155000622.html","article_id":"2479243035","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/jmdg1c4O3JkQVZsX.FTqkA--~B/aD00MTQ7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/2f7d12bc70a6f1d0d4e7800b20752a8a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479243035","pubTimestamp":1730130600,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Waste Connections, Inc. WCN reported solid third-quarter 2024 results, wherein earnings and revenues outpaced the Zacks Consensus Estimates.See Zacks Earnings Calendar to stay ahead of market-making news.Better-than-expected earnings did not impress investors, as the WCN stock declined 2.5% since the release of results on Oct. 23.Waste Connections’ adjusted earnings  of $1.4 per share surpassed the Zacks Consensus Estimate by 3.9% and increased 15.4% on a year-over-year basis. Revenues of $2.3 billion beat the consensus estimate by 2.2% and grew 13.3% from the year-ago quarter’s actual.WCN shares have gained 36.3% over the past year, outperforming the 28.8% rally of the industry it belongs to.Waste Connections exited the third quarter of 2024 with cash and cash equivalents of $78.4 million compared with $78.7 million at the end of the preceding quarter. The long-term debt was $6.7 billion, flat with the previous quarter.Waste Connections carries a Zacks Rank #3  at present. You can see","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WCN":"Waste Connections Inc"},"translate_title":"尽管第三季度盈利超出预期，Waste Connections股价仍下跌3%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WCN":1},"content_text":"Waste Connections, Inc. WCN reported solid third-quarter 2024 results, wherein earnings and revenues outpaced the Zacks Consensus Estimates.\nSee Zacks Earnings Calendar to stay ahead of market-making news.\nBetter-than-expected earnings did not impress investors, as the WCN stock declined 2.5% since the release of results on Oct. 23.\nWaste Connections’ adjusted earnings (excluding 16 cents from non-recurring items) of $1.4 per share surpassed the Zacks Consensus Estimate by 3.9% and increased 15.4% on a year-over-year basis. Revenues of $2.3 billion beat the consensus estimate by 2.2% and grew 13.3% from the year-ago quarter’s actual.\nWCN shares have gained 36.3% over the past year, outperforming the 28.8% rally of the industry it belongs to.\nOne Year Price Performance\nImage Source: Zacks Investment Research\n \nSegmental Information for WCN\nThe Solid Waste Collection segment’s revenues grew 7.2% year over year to $1.6 billion and met our estimate. The Solid Waste Disposal and Transfer segment’s revenues grew 10.4% from the year-ago quarter to $776.9 million and outpaced our expectation of $447.1 million.\nThe Solid Waste Recycling segment’s revenues increased 65.1% on a year-over-year basis to $63.3 million. The figure beat our estimate of $50.2 million. The Intermodal and Other segment’s revenues surged 93.2% from the year-ago quarter to $69.7 million, which outpaced our expectation of $44.2 million.\nThe E&P Waste Treatment, Recovery, and Disposal segment’s revenues soared more than 100% from the year-ago quarter to $154.2 million, surpassing our estimate of $64.6 million.\nWaste Connections’ Operating Results\nAdjusted EBITDA in the reported quarter was $787.4 million, up 17.3% from the year-ago quarter. The adjusted EBITDA margin was 33.7%, which increased 120 basis points from the year-ago quarter.\nOperating income totaled $475.3 million, higher than the year-ago figure of $353 million.\nBalance Sheet & Cash Flow of WCN\nWaste Connections exited the third quarter of 2024 with cash and cash equivalents of $78.4 million compared with $78.7 million at the end of the preceding quarter. The long-term debt was $6.7 billion, flat with the previous quarter.\nIn the reported quarter, WCN generated $558.3 million in cash from operating activities. The adjusted free cash flow was $316.3 million. Capital expenditure totaled $272.1 million. The company paid out $65.7 million worth of dividends in the quarter.\nWCN’s Raised 2024 Outlook\nFor 2024, Waste Connections raised its revenue guidance to $8.9 billion from the $8.85 billion given during the previous quarter. The Zacks Consensus Estimate for revenues is pegged at $8.85 billion, which is lower than the company’s guidance. WCN’s adjusted EBITDA and margin are expected to be $2.91 billion and 32.7%, respectively.\nWaste Connections carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nEarnings Snapshot of WCN’s Peers\nOmnicom Group Inc. OMC reported impressive third-quarter 2024 results.\nOMC’s earnings of $2 per share beat the consensus estimate by 3.1% and rose 9.1% from the year-ago quarter. Total revenues of $3.9 billion outpaced the consensus mark by 2.3% and grew 8.5% on a year-over-year basis.\nEquifax Inc. EFX reported mixed third-quarter 2024 results.\nEFX’s adjusted earnings (excluding 72 cents from non-recurring items) were $1.8 per share, outpacing the Zacks Consensus Estimate by a slight margin and increasing 5.1% from the year-ago quarter. Total revenues of $1.4 billion missed the consensus estimate by a slight margin but grew 9.3% on a year-over-year basis.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nOmnicom Group Inc. (OMC) : Free Stock Analysis Report\nEquifax, Inc. (EFX) : Free Stock Analysis Report\nWaste Connections, Inc. (WCN) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479243035"}