Waste Management (WM) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Core Viewpoint - Wall Street analysts anticipate Waste Management (WM) to report quarterly earnings of $2.01 per share, reflecting a year-over-year increase of 2.6%, with revenues expected to reach $6.49 billion, up 15.7% from the previous year [1]. Earnings Projections - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [2]. - The consensus EPS estimate for the quarter has remained stable over the last 30 days, indicating analysts have reassessed their initial estimates [1]. Revenue Estimates - Analysts project 'Operating revenues- WM Renewable Energy' to be $129.50 million, indicating a significant increase of 48.9% from the prior-year quarter [4]. - 'Operating revenues- Recycling Processing and Sales' are expected to reach $395.44 million, reflecting a decrease of 8.5% from the previous year [4]. - 'Operating revenues- Corporate and Other' is forecasted at $5.70 million, showing a decline of 5.1% from the year-ago quarter [5]. Internal Revenue Growth - The estimated 'Internal Revenue Growth - Period-to-Period Change - Total - As a % of Total Company' is projected at 15.8%, an increase from 7.9% reported in the same quarter last year [5]. - 'Internal Revenue Growth - Period-to-Period Change - Internal revenue growth - As a % of Total Company' is expected to be 4.9%, down from 6.7% in the previous year [6]. Stock Performance - Over the past month, Waste Management shares have returned -1.5%, contrasting with the Zacks S&P 500 composite's +1.1% change [6]. - Currently, WM holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [6].