Waste Management (WM) displayed a strong performance in the fourth quarter of 2024 with earnings exceeding expectations. The company recorded a
10% growth in its legacy business, reinforcing its solid financial status. However, WM's Q4 earnings missed the mark by $0.09 EPS, resulting in a lesser surge compared to the overall market. Notwithstanding, the company's stock still saw a significant increase, buoyed by strong earnings and further acquisitions. Industry experts and financial analysts remain optimistic about WM’s growth, with upgrades from Scotiabank and a reiterated "Outperform" rating from William Blair. WM continues to expand with strategic acquisitions, such as the Stericycle deal worth $7.2 billion, which led WM to a leadership position in the medical waste market and an increase in the price target, set by Raymond James and Morgan Stanley. WM’s strategic approach extends to a sustainability initiative targeting
$450 million in savings from automation and job cuts. CEO Jim Fish announced that recent acquisitions serve as a 'natural hedge' for the company.
Waste Management's 2024 earnings call underlined its growth and strategic expansion while missing EPS forecasts. Despite a larger-than-expected dip, Waste Management finishes strong, noting robust sales boosts and plans for renewable energy growth.
Waste Management WM News Analytics from Mon, 03 Jun 2024 07:00:00 GMT to Sat, 01 Feb 2025 21:37:17 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor 3
