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Here's Why a Buy Strategy is Apt for Waste Management (WM) Now
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Being a leading provider of comprehensive waste management environmental services, Waste Management, Inc. (WM - Free Report) is expected to continue benefiting from ongoing trends like increasing environmental concerns, rapid industrialization, increase in population and active government measures to reduce illegal dumping.The company’s top line increased 13.4% year over year in the first quarter of 2022.
Waste Management continues to execute core operating initiatives targeting focused differentiation and continuous improvement, and instill price and cost discipline to achieve better margins. While differentiation through capitalization of extensive assets ensures long-term profitable growth and competitive advantages, cost control, process improvement and enhancements to its digital platform help enhance service quality.
Let’s see some other factors that make WM an attractive pick
Solid Rank & VGM Score: Waste Management currently carries a Zacks Rank #2 (Buy) and has a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or #2, offer the best investment opportunities. Thus, the company appears to be a compelling investment proposition at the moment. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Strong Growth Prospects: The company has an expected long-term earnings per share (three to five years) growth rate of 10.9%. Its earnings for 2022 and 2023 are expected to improve 14.7% and 11.4%, respectively, year over year. The stock gained 7.3% in the past year against 29.7% decline of the industry it belongs to.
Positive Earnings Surprise History: Waste Management has an impressive earnings surprise history. The company outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed estimates once, delivering a positive average earnings surprise of 4.6%.
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Here's Why a Buy Strategy is Apt for Waste Management (WM) Now
Being a leading provider of comprehensive waste management environmental services, Waste Management, Inc. (WM - Free Report) is expected to continue benefiting from ongoing trends like increasing environmental concerns, rapid industrialization, increase in population and active government measures to reduce illegal dumping.The company’s top line increased 13.4% year over year in the first quarter of 2022.
Waste Management continues to execute core operating initiatives targeting focused differentiation and continuous improvement, and instill price and cost discipline to achieve better margins. While differentiation through capitalization of extensive assets ensures long-term profitable growth and competitive advantages, cost control, process improvement and enhancements to its digital platform help enhance service quality.
Let’s see some other factors that make WM an attractive pick
Solid Rank & VGM Score: Waste Management currently carries a Zacks Rank #2 (Buy) and has a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or #2, offer the best investment opportunities. Thus, the company appears to be a compelling investment proposition at the moment. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Strong Growth Prospects: The company has an expected long-term earnings per share (three to five years) growth rate of 10.9%. Its earnings for 2022 and 2023 are expected to improve 14.7% and 11.4%, respectively, year over year. The stock gained 7.3% in the past year against 29.7% decline of the industry it belongs to.
Waste Management, Inc. Price
Waste Management, Inc. price | Waste Management, Inc. Quote
Positive Earnings Surprise History: Waste Management has an impressive earnings surprise history. The company outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed estimates once, delivering a positive average earnings surprise of 4.6%.
Zacks Rank and Stocks to Consider
Some other stocks in the broader Zacks Business Services sector that investors can consider are Avis Budget Group, Inc. (CAR - Free Report) , Genpact Limited (G - Free Report) and CRA International, Inc. (CRAI - Free Report) .
Avis Budget sports a Zacks Rank #1 (Strong Buy) at present. CAR has a long-term earnings growth expectation of 19.4%.
Avis Budget delivered a trailing four-quarter earnings surprise of 102%, on average.
Genpact carries a Zacks Rank of 2 (Buy) at present. G has a long-term earnings growth expectation of 12.3%.
Genpact delivered a trailing four-quarter earnings surprise of 13.3%, on average.
CRA International carries a Zacks Rank #2, currently. CRAI has a long-term earnings growth expectation of 14.3%.
CRAI delivered a trailing four-quarter earnings surprise of 35.8%, on average.