Waste Management (NYSE: WM) is expected to report Q2 earnings on July 30. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Waste Management's revenues will grow 2.6% and EPS will increase 5.8%.

The average estimate for revenue is $3.55 billion. On the bottom line, the average EPS estimate is $0.55.

Revenue details
Last quarter, Waste Management logged revenue of $3.34 billion. GAAP reported sales were 1.2% higher than the prior-year quarter's $3.30 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.40. GAAP EPS of $0.36 for Q1 were 2.7% lower than the prior-year quarter's $0.37 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 33.8%, 50 basis points worse than the prior-year quarter. Operating margin was 12.4%, 10 basis points better than the prior-year quarter. Net margin was 5.0%, 20 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $14.03 billion. The average EPS estimate is $2.16.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,623 members out of 2,683 rating the stock outperform, and 60 members rating it underperform. Among 699 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 689 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 $36.50.

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