Financial News

Waste Management (WM) Reports Earnings Tomorrow: What To Expect

WM Cover Image

Waste management services provider Waste Management (NYSE: WM) will be announcing earnings results this Monday after market hours. Here’s what to expect.

Waste Management beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $6.43 billion, up 19% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates but a slight miss of analysts’ adjusted operating income estimates.

Is Waste Management a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Waste Management’s revenue to grow 16% year on year to $6.51 billion, improving from the 7.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.01 per share.

Waste Management Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Waste Management has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Waste Management’s peers in the environmental and facilities services segment, only Waste Connections has reported results so far. It beat analysts’ revenue estimates by 0.5%, delivering year-on-year sales growth of 5.1%. The stock traded up 2.7% on the results.

Read our full analysis of Waste Connections’s earnings results here.

There has been positive sentiment among investors in the environmental and facilities services segment, with share prices up 3.7% on average over the last month. Waste Management is down 1.6% during the same time and is heading into earnings with an average analyst price target of $251.73 (compared to the current share price of $215.28).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

Recent Quotes

View More
Symbol Price Change (%)
AMZN  224.21
+3.12 (1.41%)
AAPL  262.82
+3.24 (1.25%)
AMD  252.92
+17.93 (7.63%)
BAC  52.57
+0.81 (1.56%)
GOOG  260.51
+6.78 (2.67%)
META  738.36
+4.36 (0.59%)
MSFT  523.61
+3.05 (0.59%)
NVDA  186.26
+4.10 (2.25%)
ORCL  283.33
+3.26 (1.16%)
TSLA  433.72
-15.26 (-3.40%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback