Waste Management (NYSE: WM ) reported earnings on Feb. 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Waste Management beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Waste Management recorded revenue of $3.43 billion. The eight analysts polled by S&P Capital IQ expected revenue of $3.39 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.57. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.60 per share. GAAP EPS of $0.48 for Q4 were 17% lower than the prior-year quarter's $0.58 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 35.2%, 180 basis points worse than the prior-year quarter. Operating margin was 15.4%, 170 basis points worse than the prior-year quarter. Net margin was 6.5%, 130 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $3.34 billion. On the bottom line, the average EPS estimate is $0.42.
Next year's average estimate for revenue is $13.94 billion. The average EPS estimate is $2.30.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,642 members out of 2,700 rating the stock outperform, and 58 members rating it underperform. Among 693 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 683 give Waste Management a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Waste Management is hold, with an average price target of $34.63.
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