Waste Management 2Q Earnings Pregame Scorecard

FOXBusiness

Last quarter Waste Management (NYSE:WM) missed analysts' estimates, but it gets a a chance to make up for it when it announces earnings on Thursday, July 26, 2012.

Expectations

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Analysts currently expect Waste Management to come in with earnings of 53 cents per share on revenues of $3.51 billion. Analysts gave estimates ranging from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from 54 cents.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $1.74 per share between July 11, 2012 and July 19, 2012. Looking at change over the last three months, April 25, 2012 and July 20, 2012, the stock price fell $3.13 (-8.7%), from $36.08 to $32.95.

Company Fundamental Trends

Stock Ratings

Analysts think investors should stand pat on Waste Management with five of seven analysts rating it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.

Last Quarter's Results

In the first quarter, profit fell 8.1% to $171 million (37 cents a share) from $186 million (39 cents a share) the year earlier, missing analyst expectations. Revenue rose 6.2% to $3.29 billion from $3.1 billion.

Summary

Reporting Period: 2Q

Date of Release: Thursday, July 26, 2012 before market open

EPS: 53 cents

Revenue Estimate: $3.51 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)