Waste Management (WM) closed at $229.45 in the latest trading session, marking a -1.57% move from the prior day. This move lagged the S&P 500's daily loss of 0.11%. Meanwhile, the Dow experienced a drop of 0.56%, and the technology-dominated Nasdaq saw an increase of 0.35%.
Prior to today's trading, shares of the garbage and recycling hauler had lost 2.31% was narrower than the Business Services sector's loss of 4.87% and lagged the S&P 500's gain of 0.51%.
The investment community will be paying close attention to the earnings performance of Waste Management in its upcoming release. The company is slated to reveal its earnings on April 28, 2026. In that report, analysts expect Waste Management to post earnings of $1.76 per share. This would mark year-over-year growth of 5.39%. Alongside, our most recent consensus estimate is anticipating revenue of $6.3 billion, indicating a 4.61% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.16 per share and revenue of $26.53 billion, indicating changes of +8.8% and +5.27%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Waste Management. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% lower. Waste Management presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Waste Management has a Forward P/E ratio of 28.57 right now. This indicates a discount in contrast to its industry's Forward P/E of 29.04.
It is also worth noting that WM currently has a PEG ratio of 2.46. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Waste Removal Services industry had an average PEG ratio of 2.46.
The Waste Removal Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 149, positioning it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the 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).