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Waste Management (WM) Beats on Q3 Earnings, 2016 View Up
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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 4.22%, beating 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 third-quarter 2016 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 80 cents, and the company reported adjusted EPS of 84 cents.
Revenues: Revenues beat. WM posted revenues of $3,548 million, compared to Zacks Consensus Estimate of $3,332 million.
Key Stats to Note: WM continues to execute on its pricing, disciplined growth, and cost-control strategies. The company raised its earnings guidance for 2016 to $2.91 per share, up from its previous range of $2.83 and $2.86.
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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Waste Management (WM) Beats on Q3 Earnings, 2016 View 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 4.22%, beating 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 third-quarter 2016 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 80 cents, and the company reported adjusted EPS of 84 cents.
WASTE MGMT-NEW Price and EPS Surprise
WASTE MGMT-NEW Price and EPS Surprise | WASTE MGMT-NEW Quote
Revenues: Revenues beat. WM posted revenues of $3,548 million, compared to Zacks Consensus Estimate of $3,332 million.
Key Stats to Note: WM continues to execute on its pricing, disciplined growth, and cost-control strategies. The company raised its earnings guidance for 2016 to $2.91 per share, up from its previous range of $2.83 and $2.86.
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!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>