[ad_1]
Waste Management, Inc. WM is currently benefiting from its core operating initiatives and solid liquidity.
WM’s 2022 and 2023 revenues are anticipated to grow 10.1% and 5.9% from the respective year-ago reported figures. WM’s 2022 and 2023 revenues are anticipated to grow 17.8% and 10% from the respective year-ago reported figures.
Factors That Augur Well
Waste Management’s current ratio at the end of third-quarter 2022 was pegged at 0.85, higher than the prior-year quarter’s current ratio of 0.78. Increasing current ratio bodes well as it indicates a company’s efficiency in meeting its short-term debt obligations.
WM continues to execute its core operating initiatives targeting focused differentiation and continuous improvement, and implementing price and cost discipline to achieve better margins. While differentiation through capitalization of extensive assets ensures long-term profitable growth and competitive advantages andcost control help enhance service quality.
A Key Risk
Waste Management operates in a highly competitive and consolidated waste industry. National, regional and local companies give tough competition to WM. Counties and municipalities particularly pose a threat to WM’s market share as these maintain their own waste collection and disposal activities, and benefit from the availability of tax revenues and tax-exempt financing. Price increase becomes difficult in such a fiercely competitive situation, thereby weighing on a company’s top line.
Shares of WM have lost 4.6% in the year-to-date period compared with the 12.7% decline of the industry it belongs to.
Image Source: Zacks Investment Research
Zacks Rank and Stocks to Consider
Waste Management currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the broader Zacks Business Services sector are Booz Allen Hamilton Holding Corporation BAH, Paychex, Inc. PAYX and Cross Country Healthcare, Inc. CCRN.
Booz Allen carries a Zacks Rank #2 at present. BAH has a long-term earnings growth expectation of 7.5%.
Booz Allen delivered a trailing four-quarter earnings surprise of 8.8%, on average.
Paychex carries a Zacks Rank of 2 at present. PAYX has a long-term earnings growth expectation of 7.5%.
Paychex delivered a trailing four-quarter earnings surprise of 8.6%, on average.
Cross Country Healthcare sports a Zacks Rank of 1, currently. CCRN has a long-term earnings growth expectation of 6%.
CCRN delivered a trailing four-quarter earnings surprise of 10.1%, on average.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It’s undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don’t? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse – What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don’t miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Paychex, Inc. (PAYX): Free Stock Analysis Report
Waste Management, Inc. (WM): Free Stock Analysis Report
Booz Allen Hamilton Holding Corporation (BAH): Free Stock Analysis Report
Cross Country Healthcare, Inc. (CCRN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
[ad_2]
Image and article originally from www.nasdaq.com. Read the original article here.