Waste Management Poised for Strong Q3 Earnings Growth Ahead
Waste Management Prepares for Promising Earnings Report
Waste Management, Inc. (NYSE: WM) is gearing up to unveil its earnings results for the third quarter. With anticipation building, analysts are closely watching the company's performance.
Analysts Predict Strong Earnings Growth
Experts forecast that Waste Management will report earnings of $2.01 per share for the quarter. This reflects an increase from $1.96 per share during the same period last year. Additionally, the consensus estimate for the company's quarterly revenue stands at an impressive $6.5 billion, up from $5.61 billion in the previous year.
Second Quarter Performance Exceeds Expectations
In a notable turnaround, Waste Management recently reported second-quarter financial results that surpassed analyst expectations. This positive trajectory may bolster investor confidence ahead of the upcoming earnings call.
Stock Market Response
Despite the encouraging outlook, Waste Management shares experienced a slight decline, closing at $216.11. These fluctuations emphasize the market's inherent volatility and the need for investors to stay informed.
Insights from Top Analysts
A diverse range of analysts has provided updated ratings and price targets for Waste Management. Here’s a roundup of their insights:
- Jon Windham from UBS holds a Neutral rating and has adjusted the price target from $265 to $240.
- Noah Kaye at Oppenheimer continues with an Outperform rating while reducing the price target from $265 to $262.
- Shlomo Rosenbaum of Stifel reinstated a Buy rating, setting a price target of $252.
- Bryan Burgmeier from Citigroup maintained a Buy rating but lowered the price target from $275 to $268.
- Devin Dodge at BMO Capital increased the price target from $245 to $248 while keeping a Market Perform rating.
Future Outlook for Waste Management
As Waste Management prepares for this important earnings call, analysts remain optimistic about the company's prospects. The positive earnings growth forecast, along with strong revenue estimates, creates a promising landscape for investors.
Frequently Asked Questions
What are analysts predicting for Waste Management's Q3 earnings?
Analysts anticipate earnings of $2.01 per share for Q3, which is an increase from the previous year's $1.96.
How much revenue is Waste Management expected to report?
The consensus forecast for revenue is approximately $6.5 billion, compared to $5.61 billion in the previous year.
What was Waste Management's recent stock performance?
Waste Management shares closed at $216.11, experiencing a slight drop of 0.2% recently.
What ratings have analysts given to Waste Management recently?
Analysts from UBS, Oppenheimer, Stifel, Citigroup, and BMO Capital have provided various ratings, with predictions for price targets ranging between $240 and $268.
When will Waste Management release its earnings results?
The company is expected to announce its earnings results following the closing bell on the day of the earnings call.
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