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Waste Administration (NYSE:WM) is scheduled to announce Q1 earnings outcomes on Tuesday, Apr. 26, earlier than market open.
The consensus EPS estimate is $1.14 (+7.5% Y/Y) and the consensus income estimate is $4.45B (+8.3% Y/Y).
During the last 2 years, WM has crushed EPS estimates 88% of the time and income estimates 88% of the time.
During the last 3 months, EPS estimates have seen 2 upward revisions and 6 downward. Income estimates have seen 6 upward revisions and a couple of downward.
WM reported better-than-expected This fall outcomes, however issued 2022 steering that missed Road view, which pushed the inventory decrease.
In a post-earnings name, CEO James Fish stated WM is targeted on recovering inflationary value will increase by pricing actions and expects margin growth in H2 of 2022.
BMO Capital just lately downgraded WM to Market Carry out because it has much less cushion to soak up unanticipated prices and hardly any near-term catalysts that would push the inventory increased.
In the meantime, WM is eyeing a possible acquisition of Clear Harbors (CLH), Dealreporter reported final month. Purchaser curiosity in CLH seemingly grew after Republic Providers stated it should purchase US Ecology.
A CLH sale would require a “large” premium, Stifel famous, given its wholesome elementary outlook.
SA contributor LD Investments in a latest evaluation stated WM has steady prospects, with pricing actions more likely to help margins, offsetting inflationary pressures.
WM inventory fell 5.3% YTD and gained 15.1% within the final 1 yr.
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