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Waste Management (WM) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Waste Management (WM - Free Report) closed at $229.53, marking a -1.4% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.8% for the day. Elsewhere, the Dow saw a downswing of 0.16%, while the tech-heavy Nasdaq appreciated by 1.63%.
Prior to today's trading, shares of the garbage and recycling hauler had gained 2.78% outpaced the Business Services sector's gain of 1.33% and lagged the S&P 500's gain of 8.11%.
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 April 28, 2026. On that day, Waste Management is projected to report earnings of $1.75 per share, which would represent year-over-year growth of 4.79%. Meanwhile, the latest consensus estimate predicts the revenue to be $6.29 billion, indicating a 4.58% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.14 per share and a revenue of $26.57 billion, indicating changes of +8.53% and +5.44%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Waste Management. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.28% decrease. Right now, Waste Management possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Waste Management is currently trading at a Forward P/E ratio of 28.61. This expresses a discount compared to the average Forward P/E of 29.66 of its industry.
It's also important to note that WM currently trades at a PEG ratio of 2.46. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Waste Removal Services industry had an average PEG ratio of 2.46 as trading concluded yesterday.
The Waste Removal Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 88, putting it in the top 37% of all 250+ industries.
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.
To follow WM in the coming trading sessions, be sure to utilize Zacks.com.
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Waste Management (WM) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Waste Management (WM - Free Report) closed at $229.53, marking a -1.4% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.8% for the day. Elsewhere, the Dow saw a downswing of 0.16%, while the tech-heavy Nasdaq appreciated by 1.63%.
Prior to today's trading, shares of the garbage and recycling hauler had gained 2.78% outpaced the Business Services sector's gain of 1.33% and lagged the S&P 500's gain of 8.11%.
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 April 28, 2026. On that day, Waste Management is projected to report earnings of $1.75 per share, which would represent year-over-year growth of 4.79%. Meanwhile, the latest consensus estimate predicts the revenue to be $6.29 billion, indicating a 4.58% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.14 per share and a revenue of $26.57 billion, indicating changes of +8.53% and +5.44%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Waste Management. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.28% decrease. Right now, Waste Management possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Waste Management is currently trading at a Forward P/E ratio of 28.61. This expresses a discount compared to the average Forward P/E of 29.66 of its industry.
It's also important to note that WM currently trades at a PEG ratio of 2.46. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Waste Removal Services industry had an average PEG ratio of 2.46 as trading concluded yesterday.
The Waste Removal Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 88, putting it in the top 37% of all 250+ industries.
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.
To follow WM in the coming trading sessions, be sure to utilize Zacks.com.