Waste Management, Inc. (NYSE:WM) is expected to report third quarter earnings results, before market open, on Monday 2nd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.01 per share.
Looking ahead, the full year income are expected at $ 3.85 per share on the revenues of $ 14842.70 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 14,682.00 million ~ $ 14,837.00 million
Click Here For More Historical Outlooks Of Waste Management, Inc.
Previous Quarter Performance
Waste Management, Inc. disclosed income for the second quarter of $ 0.88 per share, from the revenue of $ 3,561.00 million. The quarterly earnings 20.72 percent while revenues declined 9.76 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.81 per share from $ 3530.64 million in revenue. The bottom line results beat street analysts by $ 0.07 or 8.64 percent, at the same time, top line results outshined analysts by $ 30.36 million or 0.86 percent.
Stock Performance
On Friday, shares of Waste Management, Inc. has traded high as $ 108.33 and has cracked $ 106.22 on the downward trend, reaching $ 107.91 with volume of 1.93 million shares.
According to the previous trading day, closing price of $ 107.91, representing a 26.03 % increase from the 52 week low of $ 85.34 and a 15.17 % decrease over the 52 week high of $ 126.79.
The company has a market capital of $ 45.59 billion and is part of the Industrials sector and Waste Management industry.
Recent Analyst recommendations
- On 13th October 2020, initiated by Morgan Stanley at Equal-Weight rating, with $ 119.00 target price.
- On 23rd September 2020, downgraded by JPMorgan Chase & Co. to Underweight from Neutral rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.545 per share on August 18, 2020. The dividend were payable on September 18, 2020 to holders of record as of the close of business on September 4, 2020 and ex-dividend date on September 3, 2020.
Conference Call
Waste Management, Inc. will be hosting a conference call at 10:00 AM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wm.com
Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations. As of December 31, 2018, the company owned or operated 247 solid waste landfills; 5 secure hazardous waste landfills; 102 MRFs; and 314 transfer stations.
