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Ahead of Waste Management (WM) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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The upcoming report from Waste Management (WM - Free Report) is expected to reveal quarterly earnings of $2.18 per share, indicating an increase of 10.1% compared to the year-ago period. Analysts forecast revenues of $6.8 billion, representing an increase of 5.6% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Waste Management metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Net Operating revenues- Renewable Energy' will reach $160.30 million. The estimate indicates a change of +39.4% from the prior-year quarter.
Based on the collective assessment of analysts, 'Net Operating revenues- Recycling Processing and Sales' should arrive at $432.20 million. The estimate points to a change of +16.2% from the year-ago quarter.
The average prediction of analysts places 'Net Operating revenues- Healthcare Solutions' at $640.52 million. The estimate indicates a change of +2% from the prior-year quarter.
It is projected by analysts that the 'Internal Revenue Growth - Period-to-Period Change - Total - As a % of Total Company' will reach 5.6%. The estimate compares to the year-ago value of 14.9%.
Analysts predict that the 'Internal Revenue Growth - Period-to-Period Change - Acquisitions - As a % of Total Company' will reach 0.2%. Compared to the current estimate, the company reported 11.9% in the same quarter of the previous year.
Analysts forecast 'Internal Revenue Growth - Period-to-Period Change - Internal revenue growth - As a % of Total Company' to reach 5.2%. Compared to the present estimate, the company reported 3.0% in the same quarter last year.
Shares of Waste Management have demonstrated returns of +10.4% over the past month compared to the Zacks S&P 500 composite's no change. With a Zacks Rank #3 (Hold), WM is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of Waste Management (WM) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
The upcoming report from Waste Management (WM - Free Report) is expected to reveal quarterly earnings of $2.18 per share, indicating an increase of 10.1% compared to the year-ago period. Analysts forecast revenues of $6.8 billion, representing an increase of 5.6% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Waste Management metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Net Operating revenues- Renewable Energy' will reach $160.30 million. The estimate indicates a change of +39.4% from the prior-year quarter.
Based on the collective assessment of analysts, 'Net Operating revenues- Recycling Processing and Sales' should arrive at $432.20 million. The estimate points to a change of +16.2% from the year-ago quarter.
The average prediction of analysts places 'Net Operating revenues- Healthcare Solutions' at $640.52 million. The estimate indicates a change of +2% from the prior-year quarter.
It is projected by analysts that the 'Internal Revenue Growth - Period-to-Period Change - Total - As a % of Total Company' will reach 5.6%. The estimate compares to the year-ago value of 14.9%.
Analysts predict that the 'Internal Revenue Growth - Period-to-Period Change - Acquisitions - As a % of Total Company' will reach 0.2%. Compared to the current estimate, the company reported 11.9% in the same quarter of the previous year.
Analysts forecast 'Internal Revenue Growth - Period-to-Period Change - Internal revenue growth - As a % of Total Company' to reach 5.2%. Compared to the present estimate, the company reported 3.0% in the same quarter last year.
View all Key Company Metrics for Waste Management here>>>Shares of Waste Management have demonstrated returns of +10.4% over the past month compared to the Zacks S&P 500 composite's no change. With a Zacks Rank #3 (Hold), WM is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .