Waste Management Q3 Adj EPS $1.63 Beats $1.61 Estimate, Sales $5.198B Miss $5.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Waste Management (NYSE:WM) reported Q3 adjusted earnings of $1.63 per share, beating the analyst consensus estimate of $1.61 by 1.24%. This is a 4.49% increase from the same period last year. However, the company's quarterly sales of $5.198 billion missed the analyst consensus estimate of $5.27 billion by 1.37%, though it's a 2.42% increase from the same period last year.
October 24, 2023 | 9:02 pm
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Waste Management's Q3 earnings beat estimates but sales missed. Earnings per share were $1.63, up 4.49% YoY, while sales were $5.198B, up 2.42% YoY but below estimates.
Waste Management's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. These two factors could offset each other, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100