Waste Management (WM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended September 2024, Waste Management (WM) reported revenue of $5.61 billion, up 7.9% over the same period last year. EPS came in at $1.96, compared to $1.63 in the year-ago quarter.

The reported revenue represents a surprise of +1.97% over the Zacks Consensus Estimate of $5.5 billion. With the consensus EPS estimate being $1.86, the EPS surprise was +5.38%.

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: 7.9% versus the six-analyst average estimate of 5.9%.

  • Internal Revenue Growth - Period-to-Period Change - Internal revenue growth - As a % of Total Company: 6.7% versus 5.1% estimated by four analysts on average.

  • Internal Revenue Growth - Period-to-Period Change - Volume - As a % of Total Company: 1.4% compared to the -0.1% average estimate based on three analysts.

View all Key Company Metrics for Waste Management here>>>

Shares of Waste Management have returned +0.6% over the past month versus the Zacks S&P 500 composite's +2% 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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