The bio-tech behemoth,
Waste Management Inc. (WM), has outnumbered the forecasts through substantial earning growth, surpassing Q1 estimates. WM's stock has displayed varied dynamics, rising 4% post-earnings and later declining with the market. The company showcased
strong operational results leading to increase in shareholder dividends.
Strategic acquisitions including DC-area WB Waste Solutions and Stericycle, contributed to growth. WM's President John Morris has described how
AI and innovative technology investments are shaping company's future. Despite experiencing margin pressure, revenue growth and sustainability investments continue unabated. The Q1 report outlined
strong EBITDA growth and
positive drive in earnings, although it missed revenue estimates. WM is strategizing on growth through healthcare trends and integrating Stericycle. Jim Cramer praised WM's performance, calling it a ‘Super Strong Buy’. The company reported solid Q4 and 2024 earnings following a 10% boost in legacy business, gaining an upgrade to 'Overweight' from JP Morgan. WM's impressive stock returns of 146% over five years evidently attribute to the strong institutional backing, boasting 83% ownership. The company's continued efforts to expand recyclable benefits and new recycling facilities, underscore its commitment towards environment. WM's consistent performance, with capitalizing on healthcare trends and tech investments, are key factors driving long-term value.
Waste Management WM News Analytics from Tue, 29 Oct 2024 07:00:00 GMT to Fri, 06 Jun 2025 12:26:14 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -6
