Waste Management Inc reports results for the quarter ended June 30 - Earnings Summary

• Waste Management Inc WM reported quarterly adjusted earnings of $1.92​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.82. The mean expectation of twenty one analysts for the quarter was for earnings of $1.90 per share. Wall Street expected results to range from $1.72 to $2.18 per share.

• Revenue rose 19% to $6.43 billion from a year ago; analysts expected $6.36 billion.

• Waste Management Inc's reported EPS for the quarter was $1.80​.

• The company reported quarterly net income of $726 million.

• Waste Management Inc shares had risen by 0.4% this quarter and gained 13.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the environmental services & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Waste Management Inc is $255.00, about 10.6% above its last closing price of $227.90

This summary was machine generated from LSEG data July 28 at 09:38 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)