Waste Management (WM) To Post Q4 Earnings: What's In Store?
Zacks Investment Research | Feb 11, 2019 08:59PM ET
Waste Management, Inc. (NYSE:WM) is scheduled to report fourth-quarter 2018 results on Feb 14, before the bell.
The top line is expected to benefit from organic revenue growth and the bottom line is likely to gain from lower tax rate.
We observe that shares of Waste Management have rallied 20.9% in the past year compared with the Waste Management, Inc. Quote
Earnings Likely To Improve on Tax Benefits
The Zacks Consensus Estimate for earnings per share (EPS) in the to-be-reported quarter is pegged at $1.07, indicating year-over-year growth of 25.9%. Lower tax rates (as a result of Tax Cuts and Jobs Act) and improved operating results in the solid waste business are likely to boost the bottom line.
In the third quarter, adjusted earnings of $1.15 improved 27.8% year over year.
Our Model Doesn’t Suggest a Beat
Please note that according to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Original post
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