Waste Management ( NYSE: WM ) is scheduled to announce Q2 earnings results on Wednesday, July 27th, before market open.
The consensus EPS Estimate is $1.39 (+9.4% Y/Y) and the consensus Revenue Estimate is $4.84B (+8.0% 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 12 upward revisions and 3 downward. Revenue estimates have seen 14 upward revisions and 0 downward.
Houston, Texas-based Waste Management ( WM ) provides waste collection, transfer and disposal services, along with recycling and resource recovery. It also operates and owns landfill gas-to-energy facilities.
WM shares gained more than 5% in late April after the company beat Q1 estimates on both the top and bottom line.
Waste disposal companies have largely navigated the cost environment by raising their prices. WM's core price for Q1 was 7.3% compared to 3.4% in Q1 a year ago.
Investors are hoping price increases can again help buoy Q2 earnings for WM, reflecting in the numerous upward revisions to both the EPS and revenue estimate.
Waste Management ( WM ) was placed in the industrials section of Wells Fargo's recession stock portfolio in June.
Up to Monday's close, WM stock -6.6% YTD.
For further details see:
Will price increases help Waste Management deliver on Q2 2022 earnings?