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Waste Management, Inc.

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Waste Management reported strong third-quarter results with healthy year-over-year increase in earnings and revenues that also beat the respective Zacks Consensus Estimates. The company is executing well on its initiatives to refocus on the core business activities and instill price and cost discipline to achieve better margins. Management also increased its guidance for 2017 on healthy growth dynamics. The company outperformed the industry year to date. However, the pricing environment remains quite challenging and highly competitive due to aggressive bidding by smaller competitors. Moreover, Waste Management expects volumes to be down due to lower national counts as it strives for improved margin growth and pricing. Stringent government regulations are further likely to erode profitability as compliance with such regulations increases the operating costs for the company.

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