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Here's Why Waste Management (WM) is a Strong Growth Stock

Zacks Equity Research
·2-min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

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Waste Management (WM)

Headquartered in Houston, Texas, Waste Management Inc. is a leading provider of comprehensive waste management services in North America. The company provides collection, transfer, recycling and resource recovery, as well as disposal services to residential, commercial, industrial and municipal customers. It is also a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States.

WM sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of A, and has a VGM Score of A. Earnings and sales are forecasted to increase 17.8% and 5.5% year-over-year, respectively.

10 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.39 to $7.29 per share for 2024. WM boasts an average earnings surprise of 7%.

Waste Management is also cash rich. The company has generated cash flow growth of 7.6%, and is expected to report cash flow expansion of 9.3% in 2024.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, WM should be on investors' short lists.

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Waste Management, Inc. (WM) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research