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Houston-based Waste Management, Inc. (WM - Free Report) is the largest provider of comprehensive waste management services in North America. With services to nearly 21 million residential, commercial, industrial and municipal customers, the company is well executing its initiative to refocus on the core business activities and instil price and cost discipline to achieve better margins and returns in the long run.
In the last four trailing quarters, WM has reported a positive average earnings surprise of 3.02%, beating estimates thrice. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report
Currently, WM has a Zacks Rank #3 (Hold), but that could definitely change following first-quarter 2017 earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: WM matches on earnings. The Zacks Consensus Estimate called for EPS of 66 cents, and the company reported adjusted EPS of 66 cents as well.
Revenues: Revenues beat. WM posted revenues of $3,440 million, compared with Zacks Consensus Estimate of $3,323 million.
Key Stats to Note: With strong quarterly results, WM reiterated its guidance for 2017 and continues to expect adjusted earnings in the range of $3.14 to $3.18 per share.
Stock Price: Shares prices remained unchanged in pre-market trading following the in-line earnings at the time of writing.
Check back our full write up on this WM earnings report later!
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Waste Management (WM) Matches Q1 Earnings, Affirms View
Houston-based Waste Management, Inc. (WM - Free Report) is the largest provider of comprehensive waste management services in North America. With services to nearly 21 million residential, commercial, industrial and municipal customers, the company is well executing its initiative to refocus on the core business activities and instil price and cost discipline to achieve better margins and returns in the long run.
In the last four trailing quarters, WM has reported a positive average earnings surprise of 3.02%, beating estimates thrice. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report
Currently, WM has a Zacks Rank #3 (Hold), but that could definitely change following first-quarter 2017 earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: WM matches on earnings. The Zacks Consensus Estimate called for EPS of 66 cents, and the company reported adjusted EPS of 66 cents as well.
Waste Management, Inc. Price and EPS Surprise
Waste Management, Inc. Price and EPS Surprise | Waste Management, Inc. Quote
Revenues: Revenues beat. WM posted revenues of $3,440 million, compared with Zacks Consensus Estimate of $3,323 million.
Key Stats to Note: With strong quarterly results, WM reiterated its guidance for 2017 and continues to expect adjusted earnings in the range of $3.14 to $3.18 per share.
Stock Price: Shares prices remained unchanged in pre-market trading following the in-line earnings at the time of writing.
Check back our full write up on this WM earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>