- Waste Management (WM, Financial) surpasses EPS expectations while revenue slightly misses forecasts.
- Analysts suggest a moderate upside potential with a target price of $244.44.
- The company's stock is rated as "Outperform" by major brokerage firms, reflecting positive sentiment.
Waste Management Inc. (WM) recently announced its first-quarter financial results, revealing a Non-GAAP EPS of $1.67, which exceeded analyst predictions by $0.08. Despite an impressive 16.5% increase in annual revenue, reaching $6.01 billion, it fell short of expectations by $90 million. Looking ahead, experts project the company’s revenue to hit $6.39 billion for the second quarter, with an anticipated EPS of $1.90.
Wall Street Analysts Forecast
According to estimates from 19 analysts over the next year, Waste Management Inc. (WM, Financial) is anticipated to reach an average price target of $244.44. This includes a high prediction of $265.00 and a low of $193.44. These insights suggest a potential upside of 6.71% from the current stock price of $229.08. Investors seeking more detailed analysis can visit the Waste Management Inc (WM) Forecast page.
Furthermore, the consensus recommendation from 23 brokerage firms places Waste Management Inc. (WM, Financial) at an average recommendation of 2.2, indicating an "Outperform" status. This rating system ranges from 1 to 5, with 1 signifying a Strong Buy and 5 indicating a Sell recommendation.
GuruFocus' estimates provide an additional perspective with the GF Value for Waste Management Inc (WM, Financial), estimated at $234.13 over the next year. This points to a modest upside of 2.2% from its current $229.08 trading price. The GF Value is a critical measure, calculated by analyzing historical trading multiples, past growth, and forward-looking performance projections. For further insights, investors are encouraged to explore the Waste Management Inc (WM) Summary page.
