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Waste Management (WM) Outpaces Stock Market Gains: What You Should Know
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Waste Management (WM - Free Report) closed at $157.79 in the latest trading session, marking a +0.13% move from the prior day. This move outpaced the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq lost 0.06%.
Coming into today, shares of the garbage and recycling hauler had lost 3.2% in the past month. In that same time, the Business Services sector lost 3.62%, while the S&P 500 lost 3.6%.
Investors will be hoping for strength from Waste Management as it approaches its next earnings release. The company is expected to report EPS of $1.42, up 12.7% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.98 billion, up 6.56% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.70 per share and revenue of $19.75 billion. These totals would mark changes of +17.77% and +10.13%, respectively, from last year.
Any recent changes to analyst estimates for Waste Management should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Waste Management currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Waste Management is holding a Forward P/E ratio of 27.63. Its industry sports an average Forward P/E of 23.9, so we one might conclude that Waste Management is trading at a premium comparatively.
It is also worth noting that WM currently has a PEG ratio of 2.2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. WM's industry had an average PEG ratio of 2.2 as of yesterday's close.
The Waste Removal Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 156, which puts 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 (WM) Outpaces Stock Market Gains: What You Should Know
Waste Management (WM - Free Report) closed at $157.79 in the latest trading session, marking a +0.13% move from the prior day. This move outpaced the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq lost 0.06%.
Coming into today, shares of the garbage and recycling hauler had lost 3.2% in the past month. In that same time, the Business Services sector lost 3.62%, while the S&P 500 lost 3.6%.
Investors will be hoping for strength from Waste Management as it approaches its next earnings release. The company is expected to report EPS of $1.42, up 12.7% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.98 billion, up 6.56% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.70 per share and revenue of $19.75 billion. These totals would mark changes of +17.77% and +10.13%, respectively, from last year.
Any recent changes to analyst estimates for Waste Management should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Waste Management currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Waste Management is holding a Forward P/E ratio of 27.63. Its industry sports an average Forward P/E of 23.9, so we one might conclude that Waste Management is trading at a premium comparatively.
It is also worth noting that WM currently has a PEG ratio of 2.2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. WM's industry had an average PEG ratio of 2.2 as of yesterday's close.
The Waste Removal Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 156, which puts 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.