Waste nections(US:WCN) ZACKS·2024-07-22 17:15Core Viewpoint - Waste Connections is positioned to potentially beat earnings estimates in its upcoming report, supported by a positive Earnings ESP and a Zacks Rank of 3 (Hold) [1][2]. Company Performance - Waste Connections has an Earnings ESP of +1.02%, indicating a bullish outlook from analysts regarding the company's earnings prospects [2]. - The company has a strong track record of surpassing earnings estimates, averaging a 2.37% beat over the last two quarters [5]. - In the most recent quarter, Waste Connections reported earnings of $1.04 per share against an expectation of $1.02, resulting in a surprise of 1.96% [6]. - For the previous quarter, the company reported $1.11 per share, exceeding the consensus estimate of $1.08, which represented a surprise of 2.78% [6]. Industry Context - Waste Connections operates within the Zacks Waste Removal Services industry, which is characterized by companies that often beat consensus EPS estimates [5]. - The combination of a positive Earnings ESP and a favorable Zacks Rank is shown to produce positive surprises nearly 70% of the time, suggesting a strong predictive power for stocks in this industry [1].