The stock just gave investors a solid reason to buy.Shares of Waste Management (WM 6.10%) surged on Thursday and were up 5.6% at their highest point in trading during the day through 1:30 p.m. ET.With earnings season in full swing, you may have already guessed why the waste management stock rallied today -- it delivered solid numbers for its fourth quarter and full year. What's important to know, though, is why Waste Management's latest numbers should encourage you to buy the stock now.Solid numbers from a ...

Core Viewpoint - WM reported mixed fourth-quarter 2024 results, with earnings missing the consensus estimate while revenues exceeded expectations [1][2]. Financial Performance - Adjusted earnings per share were $1.7, missing the consensus by 5% and declining 2.3% year over year [2]. - Total revenues reached $5.9 billion, surpassing the consensus estimate and growing 13% from the previous year [2]. - The Collection segment generated revenues of $4.3 billion, a 3.7% increase year over year, but fell short of the $4.6 billion estimate [5]. - The Landfill segment's revenues increased 6% to $1.2 billion, missing the $1.4 billion projection [5]. - The Transfer segment saw revenues rise 9.6% to $629 million, below the $654.9 million estimate [5]. - The Recycling Processing and Sales segment's revenues grew 12.8% to $476 million, missing the $501.9 million projection [5]. - Adjusted operating EBITDA was $1.6 billion, missing the estimate of $1.7 billion but increasing 19.8% year over year [6]. - The adjusted operating EBITDA margin increased by 160 basis points to 26.7%, missing the projected 29.6% [6]. Cash Flow and Dividends - WM generated $1.5 billion in cash from operating activities, with capital expenditures of $1.1 billion, resulting in free cash flow of $455 million [7]. - The company distributed $301 million in cash dividends to shareholders during the fourth quarter [7]. 2024 Outlook - WM anticipates revenues between $25.55 billion and $25.80 billion for 2024, exceeding the Zacks Consensus Estimate of $22.05 billion [9]. - Adjusted operating EBITDA is expected to be in the range of $7.45 billion to $7.65 billion [9]. - WM currently holds a Zacks Rank 3 (Hold) [9].

Core Insights - Waste Management (WM) reported revenue of $5.89 billion for the quarter ended December 2024, reflecting a 13% increase year-over-year [1] - The earnings per share (EPS) for the quarter was $1.70, slightly down from $1.74 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $5.88 billion by 0.18%, while the EPS fell short of the consensus estimate of $1.79 by 5.03% [1] Financial Performance Metrics - Internal revenue growth for the company was 13%, surpassing the average estimate of 8.3% from seven analysts [4] - Internal revenue growth, excluding certain factors, was 4%, slightly below the average estimate of 4.2% from four analysts [4] - Volume growth as a percentage of total company revenue was 0.3%, compared to the three-analyst average estimate of 1% [4] Stock Performance - Shares of Waste Management have returned +5.9% over the past month, outperforming the Zacks S&P 500 composite's +1.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - Waste Management (WM) reported quarterly earnings of $1.70 per share, missing the Zacks Consensus Estimate of $1.79 per share, and showing a decrease from $1.74 per share a year ago, resulting in an earnings surprise of -5.03% [1] - The company posted revenues of $5.89 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.18%, and showing an increase from year-ago revenues of $5.22 billion [2] - Waste Management shares have increased by approximately 5.9% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.78 on revenues of $6.15 billion, and for the current fiscal year, it is $8.03 on revenues of $25.63 billion [7] - The estimate revisions trend for Waste Management is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Waste Removal Services industry, to which Waste Management belongs, is currently in the bottom 16% of over 250 Zacks industries, suggesting potential challenges ahead [8]

EXHIBIT 99.1 WM Announces Fourth Quarter and Full-Year 2024 Earnings Solid Waste Business Growth Drives Company-Best Full-Year Operating EBITDA and Margin "The WM team achieved another year of exceptional results by continuously improving our core business, expanding our sustainability platforms, and adding medical waste and secure information destruction solutions for our customers," said Jim Fish, WM's President and CEO. "We delivered over 11% growth in adjusted operating EBITDA for the year as we advance ...

North Dakota, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Scottsdale, AZ – Find the Good Life in North Dakota is proud to showcase once again the high-quality of living North Dakota provides during the Waste Management Phoenix Open, one of the most celebrated golf tournaments in the world. To kick off this exciting partnership, Find the Good Life in North Dakota is hosting a special, free performance at Dierks Bentley’s Whiskey Row in Scottsdale, Arizona, featuring North Dakota’s own Tigirlily Gold, the 2024 ACM New ...

Waste Management (WM) closed the latest trading day at $209.43, indicating a -0.32% change from the previous session's end. This change lagged the S&P 500's daily loss of 0.29%. Elsewhere, the Dow lost 0.32%, while the tech-heavy Nasdaq lost 0.5%.Shares of the garbage and recycling hauler witnessed a gain of 2.48% over the previous month, beating the performance of the Business Services sector with its gain of 1.82% and underperforming the S&P 500's gain of 2.52%.The investment community will be paying clos ...

WM (WM) is scheduled to release fourth-quarter 2024 results on Jan. 29, after market close.See Zacks Earnings Calendar to stay ahead of market-making news.WM’s earnings surprise history has been decent. It surpassed the Zacks Consensus Estimate in three of the trailing four quarters and met once, the average beat being 8.6%.WM’s Q4 ExpectationsThe Zacks Consensus Estimate for revenues is pegged at $5.9 billion, suggesting a 12.6% rise from the year-ago quarter’s actual. We expect top-line growth to have bee ...

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TORONTO, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQX: WLBMF) (“Wallbridge” or the “Company”) today announced its fully-funded 2025 technical studies and exploration programs at its flagship Fenelon Gold (“Fenelon”) and Martiniere Gold (“Martiniere”) projects, as well as regional gold targets located within the Wallbridge land package in northwestern Quebec. Key elements of the 2025 program include the expected completion of an updated Preliminary Economic Assessment ( ...