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Here's What Key Metrics Tell Us About Waste Management (WM) Q2 Earnings

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For the quarter ended June 2026, Waste Management (WM - Free Report) reported revenue of $6.68 billion, up 4% over the same period last year. EPS came in at $2.02, compared to $1.92 in the year-ago quarter.

The reported revenue represents a surprise of -0.42% over the Zacks Consensus Estimate of $6.71 billion. With the consensus EPS estimate being $1.99, the EPS surprise was +1.51%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Waste Management performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Internal Revenue Growth - Period-to-Period Change - Total - As a % of Total Company: 4% compared to the 4.6% average estimate based on four analysts.
  • Internal Revenue Growth - Period-to-Period Change - Volume - As a % of Total Company: -0.3% versus -0.5% estimated by three analysts on average.
  • Internal Revenue Growth - Period-to-Period Change - Acquisitions - As a % of Total Company: 0.5% versus 0.4% estimated by two analysts on average.
  • Internal Revenue Growth - Period-to-Period Change - Total average yield - As a % of Total Company: 4.3% compared to the 4.2% average estimate based on two analysts.
  • Internal Revenue Growth - Period-to-Period Change - Internal revenue growth - As a % of Total Company: 3.5% versus 4.1% estimated by two analysts on average.
  • Net Operating revenues- Renewable Energy: $157 million versus the three-analyst average estimate of $169.01 million. The reported number represents a year-over-year change of +36.5%.
  • Net Operating revenues- Recycling Processing and Sales: $403 million compared to the $396.54 million average estimate based on three analysts. The reported number represents a change of +5.8% year over year.
  • Net Operating revenues- Healthcare Solutions: $638 million versus the three-analyst average estimate of $647.15 million. The reported number represents a year-over-year change of -1.2%.

View all Key Company Metrics for Waste Management here>>>

Shares of Waste Management have returned +6.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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