Waste Management Earnings: Everything You Must Know Now

Waste Management, Inc. (NYSE:WM) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Waste Management, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $0.57 in the quarter versus EPS of $0.60 in the year-earlier quarter.

Revenue: Rose 0.82% to $3.43 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Waste Management, Inc. reported adjusted EPS income of $0.57 per share. By that measure, the company missed the mean analyst estimate of $0.60. It missed the average revenue estimate of $3.44 billion.

Quoting Management: David P. Steiner, President and Chief Executive Officer of Waste Management, commented, “Our fourth quarter was in line with our expectations. Our internal revenue growth from yield in the fourth quarter was at its highest level for the year. This should provide a nice tailwind for improved yield in 2013 — something every manager will be focused on in 2013. In addition, we continued to see the benefit of our second quarter reorganization. These improvements were partially offset by increased costs for operations labor and repair and maintenance.”

Key Stats (on next page)…

Revenue decreased 0.78% from $3.46 billion in the previous quarter. EPS decreased 6.56% from $0.61 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.43 to a profit $0.42. For the current year, the average estimate is a profit of $2.10, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)