Waste Management Q1 2024 Adj EPS $1.75 Beats $1.51 Estimate, Sales $5.159B Miss $5.208B Estimate
Portfolio Pulse from Benzinga Newsdesk
Waste Management (WM) reported Q1 2024 adjusted earnings of $1.75 per share, surpassing the $1.51 estimate, but sales of $5.159B fell short of the $5.208B estimate, marking a 5.46% year-over-year increase.

April 24, 2024 | 9:24 pm
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Waste Management reported higher-than-expected Q1 2024 earnings but missed sales estimates, with a year-over-year sales increase.
The positive earnings beat may provide upward momentum for WM's stock price due to better-than-expected profitability. However, the slight miss on sales forecasts could temper investor enthusiasm, leading to a neutral short-term impact. The year-over-year sales growth indicates underlying business strength, which could support the stock's performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100