It has been a couple of month because the final earnings report for Waste Connections (WCN). Shares have misplaced about 3% in that time-frame, outperforming the S&P 500.
Will the latest detrimental pattern proceed main as much as its subsequent earnings launch, or is Waste Connections due for a breakout? Earlier than we dive into how buyers and analysts have reacted as of late, let’s take a fast take a look at its most up-to-date earnings report in an effort to get a greater deal with on the vital drivers.
How Have Estimates Been Transferring Since Then?
It seems, estimates revision have trended downward in the course of the previous month.
The consensus estimate has shifted -7.45% attributable to these adjustments.
VGM Scores
Presently, Waste Connections has a median Development Rating of C, although it’s lagging quite a bit on the Momentum Rating entrance with an F. Nevertheless, the inventory was allotted a grade of C on the worth facet, placing it within the center 20% for this funding technique.
General, the inventory has an mixture VGM Rating of D. If you happen to aren’t centered on one technique, this rating is the one you have to be curious about.
Outlook
Estimates have been broadly trending downward for the inventory, and the magnitude of those revisions signifies a downward shift. Notably, Waste Connections has a Zacks Rank #3 (Maintain). We anticipate an in-line return from the inventory within the subsequent few months.
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Waste Connections, Inc. (WCN) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
