It has been about a month since the last earnings report for Waste Management (WM) . Shares have added about 3.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Waste Management due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Waste Management Beats Q3 Earnings Es ...

Waste Management, Inc. (WM) has had an impressive run over the past year. The stock has gained 31%, closely aligning with its industry and the Zacks S&P 500 composite’s 32.5% and 30.9% growth, respectively.Steady Revenues, Acquisitions and Dividends Diving WM StockAlthough we typically dispose of waste, the reverse often holds for stocks of companies that manage waste. Waste Management exemplifies this dynamic, offering steady returns and low volatility that appeal to long-term investors. As a leader in the ...

Fairhope, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Fairhope, Alabama - Dump South Dumpster Rental is making strides to improve its operations, promising a more efficient and customer-friendly waste removal service. The company, known for prioritizing environmental responsibility and community service, is rolling out a new system that will reduce time spent scheduling pickups and enhance service reliability. By upgrading its scheduling software, Dump South aims to respond to customer feedback and streamline the wa ...

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Waste Management’s (WM) stock has had an impressive run in the year-to-date period. Shares have rallied 23.8% compared with the industry’s 22.4% growth.The company’s earnings for 2024 are expected to increase 18% on a year-over-year basis. Revenues for 2024 are expected to rise 6% year over year.Image Source: Zacks Investment ResearchFactors That Auger Well for WMWaste Management is making robust progress in its sustainability initiatives. By the end of the third quarter of 2024, the company completed 24 ou ...

Survey of consumers and businesses reveals many Americans want to recycle, despite confusion on what happens to materials  HOUSTON , Nov. 13, 2024 /PRNewswire/ -- WM (NYSE: WM), a leading environmental solutions provider and North America's largest recycler, today released a new report that emphasizes the importance of consumer households, businesses, policymakers and local municipalities working together to potentially improve the nation's recycling system. Based on a survey of more than 1,000 American con ...

Company Overview - Waste Management Inc. is a leading provider of comprehensive waste management services in North America, offering collection, transfer, recycling, resource recovery, and disposal services to various customer segments [11] - The company is also a prominent developer, operator, and owner of waste-to-energy and landfill gas-to-energy facilities in the United States [11] Investment Ratings - Waste Management is currently rated 3 (Hold) on the Zacks Rank, indicating a neutral outlook [12] - The company has a VGM Score of B, suggesting it has attractive value, growth, and momentum characteristics [12] Performance Metrics - Waste Management has a Momentum Style Score of A, with shares increasing by 3.2% over the past four weeks [12] - Six analysts have revised their earnings estimates upwards for fiscal 2024, with the Zacks Consensus Estimate rising by $0.06 to $7.28 per share [12] - The company boasts an average earnings surprise of 8.6%, indicating a history of exceeding earnings expectations [12] Investment Consideration - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Waste Management is recommended for investors' consideration [13]

Financial Data and Key Metrics Changes - The company reported a robust operational performance with double-digit operating EBITDA growth, positioning for approximately $6.5 billion for the full year, near the upper end of guidance [10] - Operating EBITDA margin reached a record high of 30.5%, reflecting a year-over-year expansion of 90 basis points [11][33] - Cash from operations increased by more than 16% year-over-year, totaling $3.88 billion for the first nine months of 2024 [36] Business Line Data and Key Metrics Changes - Adjusted operating EBITDA in the collection and disposal business grew by $181 million in the quarter, with margin expanding to 37.4% [27] - The residential line of business saw a weighted average collection efficiency increase of 2%, with a more than 4% increase specifically in residential [26] - The company completed eight recycling projects, adding 1.5 million tons of annual recycling capacity across North America [16] Market Data and Key Metrics Changes - The company experienced a 5.7% increase in MSW (Municipal Solid Waste) volume during the quarter [30] - The landfill volume contribution was strong, particularly in the Midwest, contributing to overall performance [64] - The recycling commodity prices were impacted by port strike uncertainties, leading to cautious expectations for continued upside in the fourth quarter [65] Company Strategy and Development Direction - The company is focused on cost optimization in collection and disposal, improving frontline retention, and integrating acquisitions in key markets [12][19] - The acquisition of Stericycle is expected to enhance service offerings and is progressing well, with integration planning underway [13][14] - The company anticipates significant contributions from renewable natural gas projects and sustainability investments in 2025 [18][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the economic environment, indicating no immediate storm clouds on the horizon [67] - The company expects continued growth in solid waste business and increased contributions from sustainability investments [19][41] - Management highlighted the importance of technology investments to drive operational efficiency and reduce labor dependence [60][72] Other Important Information - The company has suspended its share buyback program to focus on M&A growth, particularly the Stericycle acquisition [39] - Total capital expenditures for the year are expected to be between $3.15 billion and $3.25 billion, reflecting ongoing sustainability investments [38] Q&A Session Summary Question: Renewable segment EBITDA expectations for Q4 and 2025 - Management expects to deliver $120 million to $130 million from sustainability-related businesses in 2024, with a long-term goal of $800 million by 2027 [45][46] Question: Revenue guidance raise and Q4 momentum - The revenue guidance raise was driven by strong Q3 performance, particularly from recycled commodity prices and landfill volumes, though caution was expressed regarding recycling commodity prices for Q4 [64][65] Question: Pricing cost spread outlook - Management remains optimistic about pricing objectives, with a disciplined approach to pricing and a positive impact on operating expenses and margins [69][70] Question: Recycling investments returns - The company reported a 30% improvement in labor cost per ton and a 17% higher blended value on commodities sold from automated recycling plants [77][82] Question: Stericycle acquisition integration and pricing strategy - Integration planning focuses on optimizing operations and leveraging technology to enhance efficiency and reduce costs, with a bullish long-term outlook for the medical waste segment [88][90] Question: Solid waste M&A activity - The company closed nearly $800 million in acquisitions, with a strong pipeline for additional deals, particularly in strategic markets [93][95]

Waste Management Inc. (WM) reported impressive third-quarter 2024 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.See Zacks Earnings Calendar to stay ahead of market-making news.WM’s quarterly adjusted earnings of $2 per share beat the consensus mark by 5.4% and gained 20.3% on a year-over-year basis. Total revenues of $5.6 billion surpassed the consensus mark by 2% and grew 7.9% from the year-ago quarter.Thestock has gained 17.6% in the year-to-date period, outperforming 13.7% ...

For the quarter ended September 2024, Waste Management (WM) reported revenue of $5.61 billion, up 7.9% over the same period last year. EPS came in at $1.96, compared to $1.63 in the year-ago quarter.The reported revenue represents a surprise of +1.97% over the Zacks Consensus Estimate of $5.5 billion. With the consensus EPS estimate being $1.86, the EPS surprise was +5.38%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...