Waste Management, Inc. WM is scheduled to report first-quarter 2021 results on Apr 27, before the bell.
Let’s check out the expectations in detail.
Q1 Expectations
Strength in Waste Management’s collection and disposal business, primarily driven by acquisition revenues and growth from yield, is likely to have boosted the company’s first-quarter 2021 revenues. The Zacks Consensus Estimate for the same is pegged at $4.04 billion, indicating growth of 8.4% from the year-ago quarter's reported figure.
Segment-wise, the consensus mark for Collection segment revenues is pegged at $2.62 billion, implying growth of 4% from the year-ago quarter’s reported figure. The consensus estimate for Landfill segment revenues is pegged at $916 million, implying growth of 3.3% from the year-ago quarter’s reported figure. The consensus mark for Transfer segment revenues stands at $455 million, suggesting an increase of 3.2% from the year-ago quarter’s reported figure. The consensus estimate for Recycling segment revenues is pegged at $283 million, indicating growth of 11.4% from the year-ago quarter’s reported figure.
The consensus estimate for Waste Management’s first-quarter 2021 earnings is pegged at $1.00, implying year-over-year growth of 7.5%.
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 -1.67% and a Zacks Rank #3.
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 first-quarter 2021 earnings.
BGSF BGSF has an Earnings ESP of +33.33% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
S&P GlobalSPGI has an Earnings ESP of +1.49% and a Zacks Rank #2.
Fiserv FISV has an Earnings ESP of +1.00% and a Zacks Rank #3.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
AccessZacks Top 10 Stocks for 2021 today >>
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
Fiserv, Inc. (FISV): Free Stock Analysis Report
Waste Management, Inc. (WM): Free Stock Analysis Report
S&P Global Inc. (SPGI): Free Stock Analysis Report
BGSF, Inc. (BGSF): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
