What's in the Cards for Waste Management's (WM) Q2 Earnings?

Zacks Equity Research Published on July 22, 2022

Waste Management, Inc. (WM - Free Report) is scheduled to report second-quarter 2022 results on Jul 27, before the opening bell.

Let’s check out the expectations in detail:

Q2 Expectations

Favorable impact of organic revenue growth from the collection and disposal business, disciplined pricing programs, volume expansion and growth from yield are likely to have boosted Waste Management’s second-quarter 2022 revenues. The Zacks Consensus Estimate for the same is pegged at $4.84 billion, indicating growth of 8.1% from the year-ago quarter's reported figure.

Operational efficiency is likely to have boosted WM’s bottom line, the consensus estimate for which is pegged at $1.36 per share, implying growth of 7.1% from the year-ago quarter’s reported figure.

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 0.00% and a Zacks Rank #3.

Stocks to Consider

Here are a few stocks worth considering from the broader Zacks Business Services sector, as our model shows that these have the right combination of elements to beat on second-quarter 2022 earnings:

Lumen Technologies, Inc. (LUMN - Free Report) has an Earnings ESP of +0.58% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

LUMN has a trailing four-quarter earnings surprise of 17.6%, on average.

Booz Allen Hamilton Holding Corporation (BAH - Free Report) has an Earnings ESP of +4.41% and a Zacks Rank of 3.

Booz Allen has an expected earnings growth rate of 3.3% for the current year. BAH has a trailing four-quarter earnings surprise of 9.5%, on average.

Avis Budget Group, Inc. (CAR - Free Report) has an Earnings ESP of +22.33% and is Zacks #2 Ranked.

Avis Budget has an expected earnings growth rate of 74.4% for the current year. CAR delivered a trailing four-quarter earnings surprise of 102%, on average.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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