Waste Connections (WCN)

Financial Performance

Waste Connections' recent financial performance has been strong, with revenue of $2.3B in the last quarter, marking a growth of 4% from the previous quarter and an impressive increase of 11.8% year over year. The gross profit also showed significant growth at $994.4M, up by 50.3% from the previous quarter and up by a substantial 64.9% year over year. Operating income profit is also on an upward trend at $475.3M, up by 8.1% from the last quarter and up by a solid 21.5% YoY.

Stock Price

The current stock price is trading at $174.8 which reflects a slight decrease of -2.9% in the last month but it's still relatively close to its high performing moving average of $176.42 (200-day). The RSI value stands at moderate levels around 41 indicating that the stock is neither oversold nor overbought.

Alternative Data Signals

The company's website traffic has increased significantly with an estimated monthly visitor count of approximately 446885 visitors, showing promising growth rates both MoM (13%) and YoY (9%). Mobile app downloads have shown an extraordinary surge with daily downloads averaging around 4932 times per day, representing a massive increase MoM and YoY as well as reflecting strong user engagement or demand for their services.

The number of job openings currently stands at about mid-500s suggesting steady or slightly increasing hiring activity while employee sentiment regarding business outlook remains positive overall with about seven out ten employees reporting optimism for future prospects.

Social Media Presence

Waste Connections' social media presence is growing across multiple platforms with a notable increase in followers on Twitter, Instagram and Facebook over the last 90 days. This could indicate increasing brand awareness and customer engagement.

Conclusion

In summary, despite the slight dip in stock price recently, Waste Connections exhibits a strong financial performance along with positive alternative data signals such as web traffic, app downloads and employee sentiment. Therefore, this analysis leans towards a bullish outlook for Waste Connections' stock.

Note: This AI Stock Analysis is based on data as of January 11. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Waste Connections (WCN), currently trading at $178.2, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.