Waste Connections Reports Q2 Beat, Raises 2022 Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/WCN'>Waste Connections, Inc. (NYSE:WCN)</a> reported its Q2 earnings results, with EPS of $1.00 coming in better than the Street estimate of $0.95. Revenue was $1.82 billion, compared to the Street estimate of $1.8 billion.</p>
<p>The company raised its full 2022-year guidance, expecting revenue of approximately $7.125 billion and adjusted EBITDA of approximately $2.190 billion.</p>
<p>According to the analysts at Oppenheimer, price is accelerating and provides tailwinds to support double-digit growth in 2023. The analysts raised their estimates accordingly, and believe continued upward consensus revisions are likely with the company aiming to close $225 million of annualized revenue contribution from M&A in Q3/22 and indicating additional targets likely to close later this year or early 2023.</p>
<p>The analysts raised their price target on the company’s shares to $140 from $135, while reiterating their Outperform rating. </p>

NYSE:WCN