Waste Management (WM) has shown consistent performance throughout, managing its debt responsibly and posting steady growth. WM has achieved a significant gain in share value with an impressive 30% increase in six months and 37% in a year, standing out as a top growth stock. Despite an earnings miss in Q2, WM reiterated its view and continued to sustain investor attention. The Q1 2024 earnings surpassed estimates with a year-on-year rise, adding to their momentum. WM has also been a solid choice for investors seeking growth stocks, showing room for further value multiplication. The company managed to close out 2023 with profits. The excellent performance in Q4 emphasised WM's strength, with the company beating profit estimates which stirred market interest.
Institutional investors favour WM immensely, with a control of 82% to 83% of the company. Furthermore, the strategic SWOT insight into WM suggested a strong position, aided by effective growth strategies amidst competition. However, despite the strong prices, WM's huge gains signal downside potential. Furthermore, WM, also focusing on sustainability, became the first sustainability-focused partner of MLB.
On the negative side,, forced overtime, pensions, and benefits issues led to a strike amongst the company's commercial waste collectors.
Waste Management WM News Analytics from Wed, 06 Sep 2023 07:00:00 GMT to Thu, 09 May 2024 12:41:35 GMT -
Rating 6
- Innovation 4
- Information 5
- Rumor -8
