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The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters, missing once, with an average surprise of 4.7%.
The Zacks Consensus Estimate for the bottom line is pegged at $1.27, which has been revised downwards by 1.6% in the past 60 days.
The Zacks Consensus Estimate for the top line is currently pegged at $4.8 billion, up 3.9% from the year-ago actual figure. Our estimate indicates revenue growth of 3.3% year over year. The uptick can be associated with the likely favorable performance of the collection and disposal segment and landfill segment.
Waste Management’s efforts to enhance the value of landfill gas are likely to have benefited the company’s revenues. Improving turnover trends and investments in automation made by the company are expected to have augured well for the collection and disposal segment.
The company is likely to have faced inflationary pressure during the quarter, which is anticipated to have impacted the bottom line. The current Zacks Consensus Estimate for earnings indicates a 1.6% decline from the year-ago reported figure. Our estimate indicates earnings to decline 5.1% year over year.
What Our Model Says
Our proven model predicts a likely earnings beat for WM this time around. The combination of a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
WM has an Earnings ESP of +0.79% and a Zacks Rank #3.
Here are a few other stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.
Charles River Associates (CRAI - Free Report) currently has an Earnings ESP of +4.44% and a Zacks Rank of 3. It is scheduled to report its first-quarter 2023 results on May 4, after market close.
The ZacksConsensus Estimate for the bottom line is pegged at $1.35 per share, down 11.8% from the year-ago figure. The consensus mark for revenues is pegged at $152.6 million, up 2.8% from the figure reported a year ago. CRAI had an average surprise of 19.8% in the previous four quarters.
Waste Connections (WCN - Free Report) currently has an Earnings ESP of +1.93% and a Zacks Rank of 3. It is scheduled to report its first-quarter 2023 results on Apr 26, before market open.
The ZacksConsensus Estimate for the bottom line is pegged at 88 cents per share, up 7.3% from the year-ago figure. The consensus mark for revenues is pegged at $1.9 billion, up 15.4% from the figure reported a year ago. WCN had an average surprise of 3.53% in the previous four quarters.
Aptiv (APTV - Free Report) currently has an Earnings ESP of +4.29% and a Zacks Rank of 3. It is scheduled to report its first-quarter 2023 results on May 4, before market open.
The Zacks Consensus Estimate for the bottom line is pegged at 86 cents per share, up 36.5% from the year-ago reported figure. The consensus mark for revenues is pegged at $4.5 billion, up 7.9% from the prior-year reported figure. APTV had a negative surprise of 8.7%, on average, in the previous four quarters.
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What to Expect From Waste Management's (WM) Q1 Earnings?
Waste Management, Inc. (WM - Free Report) is scheduled to release its first-quarter 2023 results on Apr 26, after market close.
The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters, missing once, with an average surprise of 4.7%.
The Zacks Consensus Estimate for the bottom line is pegged at $1.27, which has been revised downwards by 1.6% in the past 60 days.
Waste Management, Inc. Price and EPS Surprise
Waste Management, Inc. price-eps-surprise | Waste Management, Inc. Quote
Q1 Expectations
The Zacks Consensus Estimate for the top line is currently pegged at $4.8 billion, up 3.9% from the year-ago actual figure. Our estimate indicates revenue growth of 3.3% year over year. The uptick can be associated with the likely favorable performance of the collection and disposal segment and landfill segment.
Waste Management’s efforts to enhance the value of landfill gas are likely to have benefited the company’s revenues. Improving turnover trends and investments in automation made by the company are expected to have augured well for the collection and disposal segment.
The company is likely to have faced inflationary pressure during the quarter, which is anticipated to have impacted the bottom line. The current Zacks Consensus Estimate for earnings indicates a 1.6% decline from the year-ago reported figure. Our estimate indicates earnings to decline 5.1% year over year.
What Our Model Says
Our proven model predicts a likely earnings beat for WM this time around. The combination of a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
WM has an Earnings ESP of +0.79% and a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks to Consider
Here are a few other stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.
Charles River Associates (CRAI - Free Report) currently has an Earnings ESP of +4.44% and a Zacks Rank of 3. It is scheduled to report its first-quarter 2023 results on May 4, after market close.
The ZacksConsensus Estimate for the bottom line is pegged at $1.35 per share, down 11.8% from the year-ago figure. The consensus mark for revenues is pegged at $152.6 million, up 2.8% from the figure reported a year ago. CRAI had an average surprise of 19.8% in the previous four quarters.
Waste Connections (WCN - Free Report) currently has an Earnings ESP of +1.93% and a Zacks Rank of 3. It is scheduled to report its first-quarter 2023 results on Apr 26, before market open.
The ZacksConsensus Estimate for the bottom line is pegged at 88 cents per share, up 7.3% from the year-ago figure. The consensus mark for revenues is pegged at $1.9 billion, up 15.4% from the figure reported a year ago. WCN had an average surprise of 3.53% in the previous four quarters.
Aptiv (APTV - Free Report) currently has an Earnings ESP of +4.29% and a Zacks Rank of 3. It is scheduled to report its first-quarter 2023 results on May 4, before market open.
The Zacks Consensus Estimate for the bottom line is pegged at 86 cents per share, up 36.5% from the year-ago reported figure. The consensus mark for revenues is pegged at $4.5 billion, up 7.9% from the prior-year reported figure. APTV had a negative surprise of 8.7%, on average, in the previous four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.