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Waste Management (WM) Ascends While Market Falls: Some Facts to Note
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Waste Management (WM - Free Report) closed the most recent trading day at $218.00, moving +2.86% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.74%. Elsewhere, the Dow lost 1.21%, while the tech-heavy Nasdaq lost 0.89%.
Shares of the garbage and recycling hauler have depreciated by 5.59% over the course of the past month, underperforming the Business Services sector's gain of 0.13%, and the S&P 500's gain of 5.39%.
Investors will be eagerly watching for the performance of Waste Management in its upcoming earnings disclosure. On that day, Waste Management is projected to report earnings of $2.01 per share, which would represent year-over-year growth of 4.69%. At the same time, our most recent consensus estimate is projecting a revenue of $6.69 billion, reflecting a 4.03% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.15 per share and revenue of $26.5 billion. These totals would mark changes of +8.67% and +5.13%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Waste Management. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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, there's been a 0.01% rise in the Zacks Consensus EPS estimate. As of now, Waste Management holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Waste Management is holding a Forward P/E ratio of 25.99. This represents no noticeable deviation compared to its industry average Forward P/E of 25.99.
Also, we should mention that WM has a PEG ratio of 2.22. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Waste Removal Services industry stood at 2.22 at the close of the market yesterday.
The Waste Removal Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 98, positioning it in the top 41% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Waste Management (WM) Ascends While Market Falls: Some Facts to Note
Waste Management (WM - Free Report) closed the most recent trading day at $218.00, moving +2.86% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.74%. Elsewhere, the Dow lost 1.21%, while the tech-heavy Nasdaq lost 0.89%.
Shares of the garbage and recycling hauler have depreciated by 5.59% over the course of the past month, underperforming the Business Services sector's gain of 0.13%, and the S&P 500's gain of 5.39%.
Investors will be eagerly watching for the performance of Waste Management in its upcoming earnings disclosure. On that day, Waste Management is projected to report earnings of $2.01 per share, which would represent year-over-year growth of 4.69%. At the same time, our most recent consensus estimate is projecting a revenue of $6.69 billion, reflecting a 4.03% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.15 per share and revenue of $26.5 billion. These totals would mark changes of +8.67% and +5.13%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Waste Management. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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, there's been a 0.01% rise in the Zacks Consensus EPS estimate. As of now, Waste Management holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Waste Management is holding a Forward P/E ratio of 25.99. This represents no noticeable deviation compared to its industry average Forward P/E of 25.99.
Also, we should mention that WM has a PEG ratio of 2.22. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Waste Removal Services industry stood at 2.22 at the close of the market yesterday.
The Waste Removal Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 98, positioning it in the top 41% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.