Waste Management Inc reports results for the quarter ended in September 30 - Earnings Summary

Waste Management

29/10/2024 02:27

* Waste Management Inc  WM.N  reported quarterly adjusted
earnings
of $1.96​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $1.63.  The mean expectation of twenty one analysts for the
quarter was for earnings of $1.89 per share. Wall Street
expected results to range from $1.78  to $1.98 per share.
    * Revenue rose 7.9% to $5.61 billion from a year ago;
analysts
expected $5.51 billion. 
    * Waste Management Inc's reported EPS for the quarter was
$1.88​.
    * The company reported quarterly net income of $760 million.
    * Waste Management Inc shares had fallen by 0.4% this
quarter and
gained 15.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "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 $224.00 
This summary was machine generated from LSEG data October 29 at
02:27 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
 Sep. 30 2024      1.89           1.96           Beat
 Jun. 30 2024      1.83           1.82           Missed
 Mar. 31 2024      1.51           1.75           Beat
 Dec. 31 2023      1.53           1.74           Beat