Yahoo Finance Waste Management (WM) to Report Q1 Earnings: What's in Store?
Waste Management, Inc. WM is scheduled to release first-quarter 2024 results on Apr 24, after market close.
WM’s earnings surprise history has been decent. It surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once, the average beat being 4%.
Waste Management, Inc. Price and EPS Surprise
Waste Management, Inc. price-eps-surprise | Waste Management, Inc. Quote
Q1 Expectations
The Zacks Consensus Estimate for the top line is pegged at $5.2 billion, suggesting a 6.4% rise from the year-ago quarter’s actual. It is likely to have been driven by consistent organic revenue growth.
Our estimate for first-quarter 2024 revenues from Collection and Disposal is pegged at $3.7 billion, indicating an 8.9% rise from the year-ago quarter’s reported figure. We anticipate Landfill’s revenues to be $1.2 billion, implying a 7.4% gain from the year-ago quarter’s actual. The Transfer segment’s revenues are expected to be $582.2 million, suggesting a 7.8% jump from the year-ago quarter’s reported number. The Recycling segment’s revenues are expected to be $384.6 million, indicating a 7.4% increase from the year-ago quarter’s actual.
Our estimate for adjusted EBITDA is pegged at $1.5 billion, indicating 11% growth from the year-ago quarter’s reported figure.
The consensus estimate for earnings per share is pegged at $1.5, suggesting 16% growth from the year-ago reported level. It is likely to have been driven by sustained momentum in the company's disciplined pricing program and optimized cost structure.
What Our Model Says
Our proven model does not predict an earnings beat for WM this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
WM has an Earnings ESP of -2.77% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are a few stocks from the broader Business services sector, which, according to our model, have the right combination of elements to beat on earnings this season.
WEX WEX: The Zacks Consensus Estimate for the company’s first-quarter 2024 revenues is pegged at $653.6 million, indicating year-over-year growth of 6.8%. For earnings, the consensus mark is pegged at $3.5 per share, suggesting a 4.2% rise from the year-ago quarter’s actual. The company beat the consensus estimate in the past four quarters, with an average surprise of 4.3%.
WEX currently has an Earnings ESP of +1.34% and a Zacks Rank of 3. The company is scheduled to declare its first-quarter results on Apr 25.
Trane Technologies TT: The Zacks Consensus Estimate for the company’s first-quarter 2024 revenues is pegged at $4 billion, indicating year-over-year growth of 8.8%. For earnings, the consensus mark is pegged at $1.6 per share, suggesting a 16.3% rise from the year-ago quarter’s actual. The company beat the consensus estimate in the past four quarters, with an average surprise of 4.5%.
TT currently has an Earnings ESP of +1.01% and a Zacks Rank of 3. The company is scheduled to declare its first-quarter results on Apr 30.
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Waste Management, Inc. (WM) : Free Stock Analysis Report
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Trane Technologies plc (TT) : Free Stock Analysis Report
