Waste Management (NYSE:WM) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$5.61b (up 7.9% from 3Q 2023).

• Net income: US$760.0m (up 15% from 3Q 2023).

• Profit margin: 14% (in line with 3Q 2023).

• EPS: US$1.89 (up from US$1.64 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Waste Management Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are up 3.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Waste Management you should be aware of.

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