Waste Management Inc reports results for the quarter ended in June - Earnings Summary

Waste Management

25/07/2024 01:58

* Waste Management Inc  WM.N  reported quarterly adjusted
earnings
of $1.82​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
$1.51.  The mean expectation of nineteen analysts for the
quarter was for earnings of $1.83 per share. Wall Street
expected results to range from $1.70  to $1.92 per share.
    * Revenue rose 5.5% to $5.40 billion from a year ago;
analysts
expected $5.43 billion. 
    * Waste Management Inc's reported EPS for the quarter was
$1.69​.
    * The company reported quarterly net income of $680 million.
    * Waste Management Inc shares had risen by 2.5% this
quarter and
gained 22.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 12
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the environmental
services & equipment peer group is also "buy"

Wall Street's median 12-month price target for Waste Management
Inc is $226.00 
This summary was machine generated from LSEG data July 25 at
12:58 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.83           1.82           Missed
 Mar. 31 2024      1.51           1.75           Beat
 Dec. 31 2023      1.53           1.74           Beat
 Sep. 30 2023      1.61           1.63           Beat