Waste Management ( NYSE: WM ) is scheduled to announce Q4 earnings results on Wednesday, February 1st, before market open.
The consensus EPS Estimate is $1.42 and the consensus Revenue Estimate is $4.98B (+6.4% Y/Y).
Over the last 2 years, WM has beaten EPS estimates 88% of the time and has beaten revenue estimates 100% of the time.
Over the last 3 months, EPS estimates have seen 0 upward revisions and 3 downward. Revenue estimates have seen 2 upward revisions and 2 downward.
The company's stock fell as much as 3% on Oct. 28 when reported Q3 FCF of $432 million, down 44% from a year ago.
WM has a Quant rating of HOLD, with a 2.97 rating score.
WM has an industry ranking of 12 out of 25 in the Environmental and Facilities Services sector, as per SA's Quant ranking.
Wall Street analysts and Seeking Alpha Authors rate the WM stock BUY.
Citibank analyst Bryan Burgmeier wrote in a January report “We value Waste Management at a premium to its historical averages, as internal organic growth is poised to accelerate through investments in whitespace areas (renewable natural gas) and internal operations improvement (recycling)”.
The trash hauler was also upgraded to Buy from its previous investment rating of Neutral by analysts at UBS earlier this month.
Recent earnings analysis from our contributors: How Waste Management Is Shaping Up For The Fourth Quarter? by The Value Analyst.
Another SA contributor Value Prof on Waste Management noted that while the stock does not have the best dividend or growth profile in its sector, its is still an industry leader worth holding for the long term.
WM declined -4.5% in 2022, while the benchmark S&P 500 index fell nearly 20% for the year. Stock is down 2.4% so far this year, as of last close.
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Waste Management Q4 earnings on deck, what to expect