Waste Management Drops 4.45% with Q1 EPS Seen at $1.76; Gates Foundation Holds
Shares of Waste Management slid 4.45%, underperforming the S&P 500’s 0.21% decline despite a 6.95% monthly gain. The company is forecast to report Q1 EPS of $1.76 (+5.39%) on revenues of $6.3 billion (+4.62%), while the Gates Foundation holds it as a core non-tech position.
1. Intraday Underperformance
Today Waste Management shares fell 4.45%, underperforming the S&P 500’s 0.21% decline, the Dow’s 0.07% loss and the Nasdaq’s 0.01% gain.
2. Monthly Gain Outpaces Sector
The stock has risen 6.95% over the past month, topping the Business Services sector’s 1.13% loss and the S&P 500’s 2.26% decline.
3. Q1 Earnings and Revenue Forecast
Q1 EPS is forecast at $1.76, up 5.39% year-over-year, on revenue projections of $6.3 billion, a 4.62% increase, while full-year estimates call for $8.16 EPS (+8.8%) on $26.5 billion revenue (+5.15%).
4. Strategic Stake by Gates Foundation
The Bill & Melinda Gates Foundation allocates nearly 60% of its $38 billion equity portfolio to three non-tech stocks, including Waste Management, highlighting investor confidence in its stable cash flows.