icon
0%

Waste Management WM - News Analyzed: 3,999 - Last Week: 100 - Last Month: 500

↑ Waste Management: A Comprehensive Review of Q4 Earnings and Future Outlook

Waste Management: A Comprehensive Review of Q4 Earnings and Future Outlook
Waste Management, Inc. (WM), a major player in the waste and environmental services sector, has received a buy recommendation from Deutsche Bank. With an impressive 83% institutional ownership, the firm has also gained attention from major investors. Over the past five years, WM shareholders have seen returns of 111%, underscoring the company's strong financial performance. The company's stock has witnessed a rise of about 29%-37% over the last year. Despite the increasing competition in the waste management domain, the company has been focusing on growth strategies and innovations, driving its momentum for the long term.
Among the pivotal update includes the intent to explore a $3 billion sale of its renewable natural gas unit. The company is also contemplating creating its own division for garbage and recycling. Further, WM has renewed contracts, such as with Albemarle, North Carolina, indicating a solid client base. Q1 and Q4 earnings of 2023 and 2024 have surpassed the estimates, attributing to strong financial performance. Lastly, the company has been prioritizing its sustainability efforts, reflected in its recent partnership with MLB.

Waste Management WM News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Sun, 26 May 2024 13:00:11 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor 6

The email address you have entered is invalid.