Waste Net Income Per Share vs Net Income Analysis

WCN Stock

USD 192.47 0.71 0.37%

Waste Connections financial indicator trend analysis is more than just analyzing Waste Connections current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Waste Connections is a good investment. Please check the relationship between Waste Connections Net Income Per Share and its Net Income accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.

Net Income Per Share vs Net Income

Net Income Per Share vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Waste Connections Net Income Per Share account and Net Income. At this time, the significance of the direction appears to have totally related.

The correlation between Waste Connections' Net Income Per Share and Net Income is 0.99. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Net Income in the same time period over historical financial statements of Waste Connections, assuming nothing else is changed. The correlation between historical values of Waste Connections' Net Income Per Share and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income Per Share of Waste Connections are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Net Income Per Share i.e., Waste Connections' Net Income Per Share and Net Income go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income Per Share

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Waste Connections financial statement analysis. It represents the amount of money remaining after all of Waste Connections operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Waste Connections' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Waste Connections current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.At this time, Waste Connections' Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Issuance Of Capital Stock is likely to grow to about 1.2 M, while Tax Provision is likely to drop about 126.5 M.

	2021	2022	2023	2024 (projected)
Total Revenue	6.2B	7.2B	8.0B	8.4B
Depreciation And Amortization	805.9M	882.5M	1.0B	1.1B

Total Revenue Depreciation And Amortization

Waste Connections fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Short Term Debt	Common Stock	Other Liab	Other Assets	Long Term Debt
Total Assets		0.98	0.88	0.97	0.98	1.0	0.97	0.95	0.96	0.46	1.0	0.0	0.46	1.0	0.78	0.99	0.87	-0.41	0.99	0.94	0.99	0.7	0.86	0.97	0.42	0.98
Short Long Term Debt Total	0.98		0.91	0.99	0.93	0.99	1.0	0.98	0.98	0.33	0.99	-0.11	0.33	0.99	0.72	1.0	0.8	-0.31	1.0	0.87	0.99	0.76	0.75	0.94	0.33	1.0
Other Current Liab	0.88	0.91		0.94	0.81	0.89	0.92	0.94	0.9	0.17	0.89	0.14	0.17	0.88	0.5	0.91	0.65	-0.22	0.91	0.72	0.87	0.83	0.59	0.86	0.01	0.91
Total Current Liabilities	0.97	0.99	0.94		0.92	0.97	0.99	0.99	0.98	0.29	0.98	-0.06	0.29	0.98	0.66	0.99	0.78	-0.33	0.99	0.85	0.97	0.81	0.73	0.94	0.26	0.99
Total Stockholder Equity	0.98	0.93	0.81	0.92		0.97	0.91	0.89	0.9	0.58	0.98	0.09	0.58	0.98	0.82	0.95	0.92	-0.5	0.94	0.97	0.96	0.61	0.93	0.97	0.5	0.94
Property Plant And Equipment Net	1.0	0.99	0.89	0.97	0.97		0.98	0.96	0.96	0.4	1.0	-0.02	0.4	1.0	0.78	0.99	0.84	-0.34	0.99	0.91	0.99	0.69	0.82	0.97	0.37	0.98
Net Debt	0.97	1.0	0.92	0.99	0.91	0.98		0.98	0.98	0.25	0.97	-0.13	0.25	0.97	0.68	0.99	0.76	-0.27	1.0	0.83	0.98	0.77	0.71	0.93	0.27	0.99
Retained Earnings	0.95	0.98	0.94	0.99	0.89	0.96	0.98		0.96	0.27	0.96	-0.04	0.27	0.96	0.67	0.97	0.75	-0.23	0.98	0.82	0.95	0.81	0.67	0.9	0.24	0.97
Accounts Payable	0.96	0.98	0.9	0.98	0.9	0.96	0.98	0.96		0.25	0.96	-0.14	0.25	0.97	0.64	0.97	0.77	-0.36	0.98	0.82	0.96	0.76	0.73	0.92	0.23	0.98
Cash	0.46	0.33	0.17	0.29	0.58	0.4	0.25	0.27	0.25		0.43	0.31	1.0	0.42	0.6	0.35	0.77	-0.54	0.34	0.74	0.38	0.09	0.72	0.47	0.79	0.34
Non Current Assets Total	1.0	0.99	0.89	0.98	0.98	1.0	0.97	0.96	0.96	0.43		-0.01	0.43	1.0	0.77	0.99	0.86	-0.4	0.99	0.93	0.99	0.71	0.84	0.97	0.4	0.99
Non Currrent Assets Other	0.0	-0.11	0.14	-0.06	0.09	-0.02	-0.13	-0.04	-0.14	0.31	-0.01		0.31	-0.02	0.07	-0.08	0.12	-0.04	-0.08	0.11	-0.08	-0.02	0.15	0.05	-0.19	-0.11
Cash And Short Term Investments	0.46	0.33	0.17	0.29	0.58	0.4	0.25	0.27	0.25	1.0	0.43	0.31		0.42	0.6	0.35	0.77	-0.54	0.34	0.74	0.38	0.09	0.72	0.47	0.79	0.34
Net Receivables	1.0	0.99	0.88	0.98	0.98	1.0	0.97	0.96	0.97	0.42	1.0	-0.02	0.42		0.77	0.99	0.86	-0.4	0.99	0.92	0.99	0.71	0.83	0.97	0.4	0.99
Common Stock Shares Outstanding	0.78	0.72	0.5	0.66	0.82	0.78	0.68	0.67	0.64	0.6	0.77	0.07	0.6	0.77		0.74	0.84	-0.19	0.73	0.84	0.78	0.32	0.76	0.72	0.62	0.71
Non Current Liabilities Total	0.99	1.0	0.91	0.99	0.95	0.99	0.99	0.97	0.97	0.35	0.99	-0.08	0.35	0.99	0.74		0.81	-0.32	1.0	0.89	0.99	0.74	0.78	0.95	0.35	1.0
Other Current Assets	0.87	0.8	0.65	0.78	0.92	0.84	0.76	0.75	0.77	0.77	0.86	0.12	0.77	0.86	0.84	0.81		-0.53	0.81	0.97	0.85	0.48	0.91	0.85	0.63	0.81
Other Stockholder Equity	-0.41	-0.31	-0.22	-0.33	-0.5	-0.34	-0.27	-0.23	-0.36	-0.54	-0.4	-0.04	-0.54	-0.4	-0.19	-0.32	-0.53		-0.32	-0.52	-0.38	-0.16	-0.72	-0.52	-0.44	-0.35
Total Liab	0.99	1.0	0.91	0.99	0.94	0.99	1.0	0.98	0.98	0.34	0.99	-0.08	0.34	0.99	0.73	1.0	0.81	-0.32		0.88	0.99	0.76	0.77	0.95	0.33	1.0
Total Current Assets	0.94	0.87	0.72	0.85	0.97	0.91	0.83	0.82	0.82	0.74	0.93	0.11	0.74	0.92	0.84	0.89	0.97	-0.52	0.88		0.9	0.55	0.93	0.92	0.63	0.88
Intangible Assets	0.99	0.99	0.87	0.97	0.96	0.99	0.98	0.95	0.96	0.38	0.99	-0.08	0.38	0.99	0.78	0.99	0.85	-0.38	0.99	0.9		0.7	0.82	0.96	0.39	0.99
Short Term Debt	0.7	0.76	0.83	0.81	0.61	0.69	0.77	0.81	0.76	0.09	0.71	-0.02	0.09	0.71	0.32	0.74	0.48	-0.16	0.76	0.55	0.7		0.37	0.64	0.09	0.76
Common Stock	0.86	0.75	0.59	0.73	0.93	0.82	0.71	0.67	0.73	0.72	0.84	0.15	0.72	0.83	0.76	0.78	0.91	-0.72	0.77	0.93	0.82	0.37		0.88	0.62	0.77
Other Liab	0.97	0.94	0.86	0.94	0.97	0.97	0.93	0.9	0.92	0.47	0.97	0.05	0.47	0.97	0.72	0.95	0.85	-0.52	0.95	0.92	0.96	0.64	0.88		0.38	0.94
Other Assets	0.42	0.33	0.01	0.26	0.5	0.37	0.27	0.24	0.23	0.79	0.4	-0.19	0.79	0.4	0.62	0.35	0.63	-0.44	0.33	0.63	0.39	0.09	0.62	0.38		0.35
Long Term Debt	0.98	1.0	0.91	0.99	0.94	0.98	0.99	0.97	0.98	0.34	0.99	-0.11	0.34	0.99	0.71	1.0	0.81	-0.35	1.0	0.88	0.99	0.76	0.77	0.94	0.35

Click cells to compare fundamentals

Waste Connections Account Relationship Matchups

Waste Connections fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.7B	14.0B	14.7B	17.1B	17.9B	18.8B
Short Long Term Debt Total	4.5B	4.9B	5.2B	7.1B	7.0B	7.4B
Other Current Liab	323.4M	458.9M	513.3M	495.8M	952.8M	1.0B
Total Current Liabilities	1.0B	1.0B	1.2B	1.5B	1.7B	1.8B
Total Stockholder Equity	6.9B	6.9B	7.0B	7.1B	7.7B	8.1B
Property Plant And Equipment Net	5.7B	5.5B	5.9B	7.1B	7.5B	7.9B
Net Debt	4.2B	4.3B	5.1B	7.0B	6.9B	7.3B
Retained Earnings	2.7B	2.7B	3.1B	3.6B	4.1B	4.3B
Accounts Payable	437.0M	290.8M	392.9M	638.7M	642.5M	674.6M
Cash	326.7M	617.3M	147.4M	78.6M	78.4M	105.8M
Non Current Assets Total	12.6B	12.6B	13.7B	16.0B	16.8B	17.6B
Non Currrent Assets Other	233.6M	246.9M	246.4M	(887.2M)	269.1M	282.5M
Cash And Short Term Investments	326.7M	617.3M	147.4M	78.6M	78.4M	105.8M
Net Receivables	662.8M	630.3M	709.6M	833.9M	857.0M	899.8M
Common Stock Shares Outstanding	264.5M	263.7M	261.7M	258.0M	258.1M	200.6M
Liabilities And Stockholders Equity	13.7B	14.0B	14.7B	17.1B	17.9B	18.8B
Non Current Liabilities Total	5.8B	6.1B	6.5B	8.5B	8.5B	9.0B
Other Current Assets	141.1M	178.3M	131.5M	144.2M	142.8M	150.0M
Other Stockholder Equity	154.9M	170.6M	199.5M	244.1M	284.3M	394.1M
Total Liab	6.8B	7.1B	7.7B	10.0B	10.2B	10.7B
Total Current Assets	1.1B	1.4B	1.0B	1.1B	1.1B	1.2B
Intangible Assets	1.2B	1.2B	1.4B	1.7B	1.6B	1.7B
Short Term Debt	30.4M	38.9M	44.0M	41.9M	59.0M	61.9M
Accumulated Other Comprehensive Income	(11.0M)	(651K)	39.6M	(56.8M)	(9.8M)	(9.3M)
Common Stock	4.1B	4.0B	3.7B	3.3B	3.3B	3.4B
Other Liab	1.2B	1.2B	1.3B	1.5B	1.7B	1.8B
Other Assets	233.6M	417.9M	246.4M	297.3M	1.0	0.95
Long Term Debt	4.4B	4.7B	5.0B	6.9B	6.7B	7.1B
Good Will	5.5B	5.7B	6.2B	6.9B	7.4B	7.8B
Property Plant Equipment	5.5B	5.3B	5.7B	7.0B	8.0B	8.4B
Current Deferred Revenue	216.4M	233.6M	273.7M	325.0M	18.1M	17.2M
Common Stock Total Equity	4.1B	4.0B	3.7B	3.3B	3.8B	4.0B
Property Plant And Equipment Gross	5.7B	5.3B	5.9B	7.1B	13.3B	14.0B
Net Tangible Assets	259.6M	(22.5M)	(549.3M)	(1.5B)	(1.3B)	(1.3B)
Deferred Long Term Liab	818.6M	760.0M	850.9M	1.0B	1.2B	632.2M
Short Long Term Debt	16.4M	8.3M	6.0M	6.8M	26.5M	25.1M
Long Term Debt Total	4.4B	4.7B	5.0B	6.9B	7.9B	4.7B
Capital Surpluse	154.9M	170.6M	199.5M	244.1M	280.7M	155.0M

Pair Trading with Waste Connections

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Waste Connections position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Waste Connections will appreciate offsetting losses from the drop in the long position's value.

Moving together with Waste Stock

0.75	VIRC	Virco Manufacturing Earnings Call This Week	Pair Corr
0.72	VRSK	Verisk Analytics	Pair Corr

Moving against Waste Stock

0.67	FC	Franklin Covey	Pair Corr
0.67	PFMT	Performant Financial	Pair Corr
0.66	ICFI	ICF International	Pair Corr
0.62	MMS	Maximus	Pair Corr
0.48	CVEO	Civeo Corp	Pair Corr

The ability to find closely correlated positions to Waste Connections could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Waste Connections when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Waste Connections - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Waste Connections to buy it.

The correlation of Waste Connections is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Waste Connections moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Waste Connections moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Waste Connections can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Waste Connections offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Waste Connections' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Waste Connections Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Waste Connections Stock:

How To Invest In Waste

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Is Waste Stock a good investment?

Details

What is Waste Connections' Net Worth?

Details

Largest Commercial & Professional Services Companies

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Largest Industrials Companies

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.

You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Waste Connections. If investors know Waste will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Waste Connections listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.339

Dividend Share

1.14

Earnings Share

3.63

Revenue Per Share

33.72

Quarterly Revenue Growth

0.133

The market value of Waste Connections is measured differently than its book value, which is the value of Waste that is recorded on the company's balance sheet. Investors also form their own opinion of Waste Connections' value that differs from its market value or its book value, called intrinsic value, which is Waste Connections' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Waste Connections' market value can be influenced by many factors that don't directly affect Waste Connections' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Waste Connections' value and its price as these two are different measures arrived at by different means. Investors typically determine if Waste Connections is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waste Connections' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Waste Net Income Per Share vs Net Income Analysis

Net Income Per Share vs Net Income

Net Income Per Share vs Net Income Correlation Analysis

Correlation Coefficient

Net Income Per Share

Net Income

Waste Connections fundamental ratios Correlations

Waste Connections Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Waste Connections fundamental ratios Accounts

Pair Trading with Waste Connections

Moving together with Waste Stock

Moving against Waste Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total

Common Stock	- 0.72	Other Stockholder Equity
Other Stockholder Equity	- 0.54	Cash And Short Term Investments
Other Stockholder Equity	- 0.54	Cash
Other Stockholder Equity	- 0.53	Other Current Assets
Other Liab	- 0.52	Other Stockholder Equity
Total Current Assets	- 0.52	Other Stockholder Equity