Houston-based Waste Management, Inc.WM is the largest provider of comprehensive waste management services in North America. With services to nearly 21 million residential, commercial, industrial and municipal customers, the company is well executing its initiative to refocus on the core business activities and instil price and cost discipline to achieve better margins and returns in the long run.
In the last four trailing quarters, WM has managed to beat estimates only once.
Currently, WM has a Zacks Rank #2 (Buy), but that could definitely change following fourth-quarter 2017 earnings report which was just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Earnings beat. The Zacks Consensus Estimate called for EPS of 83 cents, while the company reported EPS of 85 cents.
Waste Management, Inc. Price and EPS Surprise
Revenues: Revenues beat. WM posted revenues of $3,652 million, compared with Zacks Consensus Estimate of $3,565 million.
Key Stats to Note: Concurrent with the earnings release, the company provided its outlook for 2018. The company expects internal revenue from its Collection and Disposal business to grow by minimum 2% while internal revenue from volume will lie between 2% to 2.2%. Free cash flow for 2018 is expected to be between $1.95 and $2.05 billion.
Stock Price: WM shares rose 3.2% at the time of this report, following the company's earnings release.
Check back for our full write up on this WM earnings report later!
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