U.S. markets closed
  • S&P 500

    4,594.62
    -106.84 (-2.27%)
     
  • Dow 30

    34,899.34
    -905.04 (-2.53%)
     
  • Nasdaq

    15,491.66
    -353.57 (-2.23%)
     
  • Russell 2000

    2,245.94
    -85.52 (-3.67%)
     
  • Crude Oil

    68.15
    -10.24 (-13.06%)
     
  • Gold

    1,788.10
    +1.20 (+0.07%)
     
  • Silver

    23.14
    -0.40 (-1.70%)
     
  • EUR/USD

    1.1322
    +0.0110 (+0.99%)
     
  • 10-Yr Bond

    1.4820
    -0.1630 (-9.91%)
     
  • GBP/USD

    1.3342
    +0.0022 (+0.16%)
     
  • USD/JPY

    113.2600
    -2.0790 (-1.80%)
     
  • BTC-USD

    54,531.26
    -173.06 (-0.32%)
     
  • CMC Crypto 200

    1,365.60
    -89.82 (-6.17%)
     
  • FTSE 100

    7,044.03
    -266.34 (-3.64%)
     
  • Nikkei 225

    28,751.62
    -747.66 (-2.53%)
     

What's in Store for Waste Management (WM) in Q3 Earnings?

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Waste Management, Inc. WM is scheduled to report third-quarter 2021 results on Oct 26, before the bell.

Let’s check out the expectations in detail.

Q3 Expectations

Favorable impact of acquisition revenues and growth from yield are likely to have boosted Waste Management’s third-quarter 2021 revenues. The Zacks Consensus Estimate for the same is pegged at $4.55 billion, indicating growth of 17.7% from the year-ago quarter's reported figure.

Segment-wise, the consensus mark for Collection segment revenues is pegged at $2.75 billion, implying growth of 9.3% from the year-ago quarter’s reported figure. The consensus estimate for Landfill segment revenues is pegged at $1.05 billion, implying growth of 10.9% from the year-ago quarter’s reported number. The consensus mark for Transfer segment revenues stands at $531 million, suggesting an increase of 10.2% year over year. The consensus estimate for Recycling segment revenues is pegged at $365 million, indicating growth of 25.9% from the year-ago quarter’s reported figure.

Operational efficiency is likely to have boosted the company’s bottom line, the consensus estimate for which is pegged at $1.33, implying year-over-year growth of 22%.

What Our Model Says

Our proven model does not conclusively predict an earnings beat for Waste Management this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.

Waste Management has an Earnings ESP of -1.93% and a Zacks Rank #2.

Waste Management, Inc. Price and EPS Surprise

Waste Management, Inc. Price and EPS Surprise
Waste Management, Inc. Price and EPS Surprise

Waste Management, Inc. price-eps-surprise | Waste Management, Inc. Quote

Stocks to Consider

Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on third-quarter 2021 earnings:

Avis Budget CAR has an Earnings ESP of +18.16% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

WEX WEX has an Earnings ESP of +2.83% and a Zacks Rank #3.

S&P Global SPGI has an Earnings ESP of +0.63% and a Zacks Rank #3.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Avis Budget Group, Inc. (CAR) : Free Stock Analysis Report

Waste Management, Inc. (WM) : Free Stock Analysis Report

WEX Inc. (WEX) : Free Stock Analysis Report

S&P Global Inc. (SPGI) : Free Stock Analysis Report

To read this article on Zacks.com click here.