The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Waste Management's revenues will drop -0.8% and EPS will decrease -4.8%.
The average estimate for revenue is $3.38 billion. On the bottom line, the average EPS estimate is $0.60.
Last quarter, Waste Management reported revenue of $3.46 billion. GAAP reported sales were 1.7% lower than the prior-year quarter's $3.52 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.61. GAAP EPS of $0.46 for Q3 were 21% 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 preceding quarter, gross margin was 35.6%, 20 basis points worse than the prior-year quarter. Operating margin was 16.4%, 40 basis points better than the prior-year quarter. Net margin was 6.2%, 150 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $13.60 billion. The average EPS estimate is $2.10.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,640 members out of 2,696 rating the stock outperform, and 56 members rating it underperform. Among 690 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 679 give Waste Management a green thumbs-up, and 11 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 $33.14.
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