Waste Management (WM) Reports Q3 Earnings: What Key Metrics Have to Say
Waste Management (WM) reported $5.2 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 2.4%. EPS of $1.63 for the same period compares to $1.56 a year ago.
The reported revenue represents a surprise of -1.15% over the Zacks Consensus Estimate of $5.26 billion. With the consensus EPS estimate being $1.61, the EPS surprise was +1.24%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Waste Management performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Internal Revenue Growth - Period-to-Period Change - Total - As a % of Total Company: 2.4% versus 3.1% estimated by five analysts on average.
Internal Revenue Growth - Period-to-Period Change - Internal revenue growth - As a % of Total Company: 1.6% compared to the 2.9% average estimate based on four analysts.
Internal Revenue Growth - Period-to-Period Change - Volume - As a % of Total Company: 0.5% compared to the 0% average estimate based on three analysts.
Operating revenues- Total collection- Commercial: $1.46 billion versus the two-analyst average estimate of $1.45 billion.
Operating revenues- Total collection- Residential: $875 million versus $879.20 million estimated by two analysts on average.
Operating revenues- Total collection- Industrial: $982 million versus the two-analyst average estimate of $1 billion.
Operating revenues- Total collection- Other: $193 million versus the two-analyst average estimate of $206.53 million.
Operating revenues- Other: $678 million versus $630.25 million estimated by two analysts on average.
Operating revenues- Landfill: $1.26 billion compared to the $1.25 billion average estimate based on two analysts.
Operating revenues- Transfer: $594 million versus $587.16 million estimated by two analysts on average.
Operating revenues- Recycling: $366 million versus the two-analyst average estimate of $388.26 million.
Operating revenues- Collection: $3.51 billion compared to the $3.54 billion average estimate based on two analysts.
View all Key Company Metrics for Waste Management here>>>
Shares of Waste Management have returned -0.8% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Waste Management, Inc. (WM) : Free Stock Analysis Report
