Seeking AlphaCodex · 实盘不做把握 5/10
北京时间·🕒 发布 04:08:43时区推断·⟳ 抓取 04:12:37·⚡ 决策 07-23 04:38:14 +25m37s·96.6 天前
Waste Connections二季度业绩小幅超预期并上调部分全年收入和EBITDA指引
二季度Non-GAAP EPS为1.50美元、较预期高0.15美元，收入25.6亿美元、较预期高2000万美元，事件本身偏正面。
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Waste Connections Non-GAAP EPS of $1.50 beats by $0.15, revenue of $2.56B beats by $20M
- Waste Connections press release (WCN): Q2 Non-GAAP EPS of $1.50 beats by $0.15. - Revenue of $2.56B (+6.2% Y/Y) beats…
不做 Waste Connections（WCN.US）
常规财报小幅beat且全年FCF未上修，收入和EBITDA指引上调幅度相对426亿美元市值不足，缺少盘后追多的正期望。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
消息传播链
- Seeking Alpha转发Waste Connections二季度业绩快讯，显示EPS和收入小幅超预期并给出全年指引。市场反应:美股已收盘，常规连续交易不可成交；工具报价显示WCN.US当日收跌0.31%。
- 年初公司给出的2026年收入指引为99.0亿-99.5亿美元、调整后EBITDA为33.00亿-33.25亿美元、调整后自由现金流为14.0亿-14.5亿美元，可作为本次指引变化基准。
关键理由
- 二季度Non-GAAP EPS为1.50美元、较预期高0.15美元，收入25.6亿美元、较预期高2000万美元，事件本身偏正面。
- 全年收入指引从年初9.90亿-9.95亿美元区间上修至100.2亿-100.5亿美元，调整后EBITDA从33.00亿-33.25亿美元上修至33.3亿-33.4亿美元，但自由现金流指引仍为14.0亿-14.5亿美元，增量相对426亿美元市值有限。
- WCN.US收盘167.90美元，近20日已上涨5.31%，当前财报属于排期内披露，缺少足够强的超预期指引上修来支撑盘后追多。
主要风险
- 若电话会给出超预期并购管线、价格/销量改善或2026年下半年利润率进一步上修，当前不做可能错过温和补涨。
- 这是常规财报日事件，市场可能更关注电话会细节而非简短快讯中的EPS和收入beat。
反向证据
- 做多前查反向 · 来源 kb_search · 影响 none
内部KB检索超时，未能提供额外反向或支持证据。
检索:Waste Connections Q2 2026 earnings guidance EPS revenue WCN - 做多前查反向 · 来源 stock_quote · 日期 2026-07-22 · 影响 weakens
WCN.US市值约426.6亿美元、PE TTM约40.95倍，近20日上涨5.31%；指引小幅上修相对估值和市值弹性不足。
检索:WCN.US stock_quote full recent trend valuation
工具调用 · 历史记录,结果未知(3 种)
- stock_quote · 结果未知
- search_processed_events · 结果未知
- kb_search · 结果未知
原文全文
展开原文 · 624 字
- Waste Connections press release (WCN): Q2 Non-GAAP EPS of $1.50 beats by $0.15.
- Revenue of $2.56B (+6.2% Y/Y) beats by $20M.
- Revenue is estimated to be between $10.02 billion to $10.05 billion;
- Net income is estimated to be between $1.169 billion and $1.173 billion, and adjusted EBITDA* is estimated to be between $3.33 billion and $3.34 billion;
- Capital expenditures are estimated to be approximately $1.25 billion; and
- Net cash provided by operating activities is estimated to be between $2.63 billion and $2.68 billion, and adjusted free cash flow* is estimated to be between $1.40 billion and $1.45 billion.
- Revenue of $2.56B (+6.2% Y/Y) beats by $20M.
- Revenue is estimated to be between $10.02 billion to $10.05 billion;
- Net income is estimated to be between $1.169 billion and $1.173 billion, and adjusted EBITDA* is estimated to be between $3.33 billion and $3.34 billion;
- Capital expenditures are estimated to be approximately $1.25 billion; and
- Net cash provided by operating activities is estimated to be between $2.63 billion and $2.68 billion, and adjusted free cash flow* is estimated to be between $1.40 billion and $1.45 billion.
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