CA - Waste Connections: Shares Have A Good Chance Of Beating Q2 Estimates
2024-07-19 02:49:52 ET
Summary
- Waste Connections has a strong history of M&A and financial performance, with potential for margin improvement and ongoing growth opportunities.
- The company outperforms peers in the waste management industry, with consistent revenue and EBITDA growth, best-in-class EBITDA margins, and a strong return on equity.
- Q1'24 results showed revenue and adjusted EBITDA beats, with a focus on acquisitions, labor improvements, and the potential for increased M&A activity in 2024.
- In my view, WCN has a good chance of beating Q2 estimates when removing weather impacts and accounting for better than expected margin expansion from Secure.
Please note all $ figures in , not , unless otherwise stated.