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Waste Management to Report Q2 Earnings: What’s in Store?

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Waste Management, Inc. (NYSE: WM) is scheduled to release second-quarter 2024 results on Jul 24, after market close.

WM’s earnings surprise history has been decent. It surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once, the average beat being 7%.

Waste Management, Inc. Price and EPS Surprise

Waste Management, Inc. Price and EPS Surprise

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

Q2 Expectations

The Zacks Consensus Estimate for revenues is pegged at $5.4 billion, implying a 5.7% increase from that reported in the second quarter of 2024. Revenue growth across all the segments is anticipated to have driven the top line.

Our estimate for second-quarter 2024 revenues from Collection is pegged at $4 billion, implying a 14.6% increase from the year-ago quarter’s reported figure. This is likely to have been due to the customer lifetime value model that has been driving strong organic revenue growth and its sales metric.

We expect Landfill’s revenues to be $1.8 billion, suggesting 1.1% growth on a …

Full story available on Benzinga.com

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