Waste Management, Inc.
WM
is scheduled to report third-quarter 2020 results on Nov 2, before the bell.
Let’s check out the expectations in detail.
Q3 Expectations
Volume declines in Waste Management’s collection and disposal businesses are likely to have partially offset the yield growth. The Zacks Consensus Estimate for the company’s third-quarter 2020 revenues is pegged at $3.73 billion, indicating a decline of 5.9% from the year-ago quarter’s reported figure.
Segment-wise, the consensus mark for
Collection
segment revenues is pegged at $2.42 billion, implying a decline of 7.7% from the year-ago quarter’s reported figure. The consensus estimate for
Landfill
segment revenues is pegged at $908 million, indication a decrease of 8.6% year over year. The consensus mark for
Transfer
segment revenues stands at $445 million, suggesting a decrease of 5.5% from the year-ago quarter’s reported figure.
The consensus estimate for
Recycling
segment revenues is pegged at $254 million, indicating a growth of 3.7% from the year-ago quarter’s reported figure.
Decline in operating margins is likely to have weighed on the company’s bottom line, the consensus estimate for which is pegged at $1.03, implying a significant year-over-year decline of 13.5%.
What Our Model Says
Our proven model predicts an earnings beat for Waste Management this time around. The combination of a positive
Earnings ESP
and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our
Earnings ESP Filter
.
Waste Management has an Earnings ESP of +4.33% and a Zacks Rank #2.
Waste Management, Inc. Price and EPS Surprise
Waste Management, Inc. price-eps-surprise
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Waste Management, Inc. Quote
Other Stocks to Consider
Here are a few other stocks from the broader Zacks
Business Services
sector that investors may consider as our model shows that these too have the right combination of elements to beat on third-quarter 2020 earnings.
Aptiv
APTV
has an Earnings ESP of +13.04% and a Zacks Rank #3. You can see
the complete list of today’s Zacks #1 Rank stocks here
.
CoreLogic
CLGX
has an Earnings ESP of +0.89% and a Zacks Rank #3.
Waste Connections
WCN
has an Earnings ESP of +0.57% and a Zacks Rank #3.
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