Waste Management Second Quarter 2024 Earnings: EPS Misses Expectations

Waste Management (NYSE:WM) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$5.40b (up 5.5% from 2Q 2023).
• Net income: US$680.0m (up 11% from 2Q 2023).
• Profit margin: 13% (in line with 2Q 2023).
• EPS: US$1.69 (up from US$1.52 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Waste Management EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.2%.

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are down 10% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Waste Management you should be aware of.

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