WM witnesses increased revenues across all segments in the third quarter of 2024.
The market seems to be growing increasingly optimistic about Waste Management's future.
The headline numbers for Waste Management (WM) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Waste Management (WM) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $1.63 per share a year ago.
Waste Management, Inc. WM will release earnings results for its third quarter, after the closing bell on Monday, Oct. 28,
Waste Management (WM) reachead $211.80 at the closing of the latest trading day, reflecting a +0.36% change compared to its last close.
WM's third-quarter 2024 revenues are expected to have gained from the growth in organic revenues.
Waste Management, Inc. is a stable, almost utility-like business with fairly predictable cash flows and earnings that can help deliver a growing dividend to investors. WM's revenue and EPS are projected to grow, supported by cost savings and growth of the underlying business, as well as a planned acquisition of Stericycle. Shares may look pretty richly valued currently, but as shares have moved mostly sideways for a period of time this year, they are within the historical fair value range.
Waste Management (WM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the most recent trading session, Waste Management (WM) closed at $213.14, indicating a -0.3% shift from the previous trading day.
While WM enjoys market leadership, consistent growth and eco-friendly initiatives, it may have to navigate environmental regulations and high capital costs.
Waste Management is a dividend growth stock with solid fundamentals, poised for long-term growth and potential Dividend Aristocrat status in the coming years. Despite recent earnings misses, WM showed solid YoY growth and strategic acquisitions, including Stericycle, expected to be accretive to cash flows and earnings. The company has temporarily suspended buybacks to focus on deleveraging, which may result in lower dividend increases temporarily. But robust cash flow growth is anticipated, supporting larger dividend increases long-term.