In the latest close session, Waste Management (WM Quick QuoteWM - Free Report) was up +1.85% at $215.75. The stock's change was more than the S&P 500's daily loss of 1.11%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 1.88%.

Shares of the garbage and recycling hauler witnessed a loss of 2.49% over the previous month, trailing the performance of the Business Services sector with its loss of 0.76%, and the S&P 500's gain of 2.06%.

The upcoming earnings release of Waste Management will be of great interest to investors. The company's earnings report is expected on October 27, 2026. The company is expected to report EPS of $2.18, up 10.1% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.8 billion, up 5.6% from the year-ago period.

WM's full-year Zacks Consensus Estimates are calling for earnings of $8.12 per share and revenue of $26.4 billion. These results would represent year-over-year changes of +8.27% and +4.74%, respectively.

Investors should also note any recent changes to analyst estimates for Waste Management. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.

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 shifted 0.04% downward. Waste Management currently has a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Waste Management has a Forward P/E ratio of 26.07 right now. This represents a premium compared to its industry average Forward P/E of 25.97.

We can additionally observe that WM currently boasts a PEG ratio of 2.69. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. WM's industry had an average PEG ratio of 2.69 as of yesterday's close.

The Waste Removal Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 60, this industry ranks in the top 25% of all industries, numbering over 250.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.