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 4.75%, beating the estimates on every occasion. 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 #2 (Buy), but that could definitely change following the earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: WM beats on earnings. The Zacks Consensus Estimate called for EPS of 71 cents, and the company reported EPS of 74 cents.
Revenue: Revenues beat. WM posted revenues of $3,425 million, compared to Zacks Consensus Estimate of $3,386 million.
Key Stats to Note: WM continues to execute on its pricing, disciplined growth, and cost-control strategies. The company revised its earnings guidance for 2016 to between $2.83 and $2.86, representing a $0.09 to $0.12 increase from the low end of its previous guidance.
Stock Price: Shares prices remained unchanged in pre-market trading following the earnings beat at the time of writing.
Check back our full write up on this WM earnings report later!
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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 4.75%, beating the estimates on every occasion. 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 #2 (Buy), but that could definitely change following the earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: WM beats on earnings. The Zacks Consensus Estimate called for EPS of 71 cents, and the company reported EPS of 74 cents.
Revenue: Revenues beat. WM posted revenues of $3,425 million, compared to Zacks Consensus Estimate of $3,386 million.
Key Stats to Note: WM continues to execute on its pricing, disciplined growth, and cost-control strategies. The company revised its earnings guidance for 2016 to between $2.83 and $2.86, representing a $0.09 to $0.12 increase from the low end of its previous guidance.
Stock Price: Shares prices remained unchanged in pre-market trading following the earnings beat at the time of writing.
Check back our full write up on this WM earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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