In the latest close session, Waste Management (WM) was down 1.53% at $203.92. This move lagged the S&P 500's daily loss of 0.25%. Elsewhere, the Dow saw a downswing of 0.86%, while the tech-heavy Nasdaq appreciated by 0.24%.
Prior to today's trading, shares of the garbage and recycling hauler had lost 5.77% lagged the Business Services sector's loss of 5.76% and the S&P 500's loss of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Waste Management in its upcoming earnings disclosure. The company's earnings report is set to go public on October 27, 2026. It is anticipated that the company will report an EPS of $2.18, marking a 10.1% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.79 billion, up 5.34% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.13 per share and revenue of $26.35 billion, which would represent changes of +8.4% and +4.54%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Waste Management. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.01% higher. Waste Management is currently a Zacks Rank #3 (Hold).
In terms of valuation, Waste Management is presently being traded at a Forward P/E ratio of 25.48. This indicates a discount in contrast to its industry's Forward P/E of 25.62.
We can also see that WM currently has a PEG ratio of 2.61. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. WM's industry had an average PEG ratio of 2.61 as of yesterday's close.
The Waste Removal Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 63, this industry ranks in the top 26% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Waste Management, Inc. (WM): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).