Waste Connections (WCN) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $1.58
- Estimate
- $1.52
- Surprise
- +3.9%
- Score at report (before → after)
- 5.3 → 5.2/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Waste Connections (WCN) beat the $1.52 estimate with adjusted EPS of $1.58 — a clear 3.9% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.3/10) to Sell at 5.2/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates WCN Sell at 5.2/10.
4 of the last 4 quarters beat the estimate; this quarter's +3.9% surprise compares with a +5.0% four-quarter average.
What supports the rating
- Strong earnings beat streak (4/4)
- Positive momentum
What argues against it
- Thin upside margin: 4.7%
- V7 low-quality RISK_OFF penalty: -0.5 (Q=5.4)
- Sector modifier (Industrials): -0.7
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $168.28
- Price target
- $176.25
- Stop
- $161.34
- Upside to target
- +4.7%
- Reward-to-risk
- 0.4:1
The stock trades at 40.9× trailing but 27.1× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 80 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-10-22 — shown for context, not personalized investment advice.
WCN at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Waste Management
- Market cap
- $42.33B
- P/E (fwd)
- 27.1
- P/E (ttm)
- 40.9
- 52-week range
- $146.89–$179.56
- Off 52-week high
- 6.3%
- RSI (14)
- 80
- Volume vs avg
- 1.05×
- Score today
- 5.2/10