Why Waste Connections (WCN) is a Must-Have Stock for Your Portfolio
Are you looking for a solid investment opportunity in the waste management sector? Waste Connections (WCN) is a non-hazardous waste collection, transfer, disposal, and resource recovery services provider that has been performing exceptionally well over the past year. If you haven’t already taken advantage of the share price appreciation, now is the time to add this stock to your portfolio.
Here are some key reasons why Waste Connections is an attractive pick:
1. Outperformer: Waste Connections has outperformed both its industry peers and the broader market over the past year, with shares gaining 27.3%. This impressive performance indicates the company’s strong growth potential.
2. Solid Rank & VGM Score: Waste Connections currently holds a Zacks Rank #2 (Buy) and has a VGM Score of B, indicating that it is a compelling investment opportunity. Stocks with a VGM Score of A or B, combined with a Zacks Rank of 1 or 2, offer the best investment opportunities for investors.
3. Positive Earnings Surprise History: Waste Connections has a history of outperforming earnings expectations, with an average earnings surprise of 2.1% in the trailing four quarters. This consistent performance is a positive indicator of the company’s financial health.
4. Strong Growth Prospects: Analysts expect Waste Connections’ revenues and earnings to grow significantly in the coming years. The company has a long-term earnings per share growth rate of 12.9%, indicating strong growth potential.
5. Growth Factors: Waste Connections has a robust pipeline of solid waste opportunities and is making progress in developing renewable gas facilities. These initiatives are expected to drive margin expansions and operational efficiencies in the future.
In addition to Waste Connections, other top-ranked stocks in the business services sector include Alithya Group (ALYAF) and Accolade (ACCD). Both companies have strong growth prospects and are worth considering for investment.
Overall, Waste Connections is a solid investment opportunity with strong growth prospects and a track record of outperformance. If you’re looking to add a promising stock to your portfolio, Waste Connections is definitely worth considering.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.