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Accenture PLC (ACN) - free report >>
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What's in Store for Waste Management (WM) in Q4 Earnings?
Waste Management, Inc. (WM - Free Report) is scheduled to report fourth-quarter 2022 results on Feb 1, before the opening bell.
Let’s check out the expectations in detail.
Q4 Expectations
Favorable impacts of organic revenue growth from the collection and disposal business, disciplined pricing programs, volume expansion and sustainability contributions are likely to have boosted Waste Management’s fourth-quarter 2022 revenues. The Zacks Consensus Estimate is pegged at $4.98 billion, indicating growth of 6.4% from the year-ago quarter's reported figure.
Operational efficiency is likely to have boosted WM’s bottom line. The Zacks Consensus Estimate for earnings is pegged at $1.42 per share, implying growth of 12.7% from the year-ago quarter’s reported figure.
Waste Management, Inc. Price and EPS Surprise
Waste Management, Inc. price-eps-surprise | Waste Management, Inc. Quote
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Waste Management 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, which is not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Waste Management has an Earnings ESP of -4.71% and a Zacks Rank #3, at present. 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 Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season.
Accenture plc (ACN - Free Report) has an Earnings ESP of +0.75% and a Zacks Rank of 3.
Accenture has an expected earnings growth rate of 7% for fiscal 2023. ACN has a trailing four-quarter earnings surprise of 3.2%, on average.
Avis Budget Group, Inc. (CAR - Free Report) has an Earnings ESP of +10.36% and is Zacks #3 Ranked.
CAR has a trailing four-quarter earnings surprise of 67.2%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.