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Compared to Estimates, Waste Management (WM) Q3 Earnings: A Look at Key Metrics

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For the quarter ended September 2026, Waste Management (WM - Free Report) reported revenue of $6.85 billion, up 6.3% over the same period last year. EPS came in at $2.15, compared to $1.98 in the year-ago quarter.

The reported revenue represents a surprise of +0.61% over the Zacks Consensus Estimate of $6.8 billion. With the consensus EPS estimate being $2.18, the EPS surprise was -1.38%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

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: 6.3% versus the five-analyst average estimate of 5.6%.
  • Internal Revenue Growth - Period-to-Period Change - Volume - As a % of Total Company: 0.8% versus 0.5% estimated by three analysts on average.
  • Internal Revenue Growth - Period-to-Period Change - Acquisitions - As a % of Total Company: 0.6% versus the two-analyst average estimate of 0.2%.
  • Internal Revenue Growth - Period-to-Period Change - Total average yield - As a % of Total Company: 5.1% compared to the 4.7% average estimate based on two analysts.
  • Internal Revenue Growth - Period-to-Period Change - Internal revenue growth - As a % of Total Company: 5.9% versus the two-analyst average estimate of 5.2%.
  • Net Operating revenues- Renewable Energy: $167 million versus $160.3 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +45.2% change.
  • Net Operating revenues- Recycling Processing and Sales: $441 million compared to the $432.2 million average estimate based on three analysts. The reported number represents a change of +18.6% year over year.
  • Net Operating revenues- Healthcare Solutions: $651 million compared to the $640.52 million average estimate based on three analysts. The reported number represents a change of +3.7% year over year.

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

Shares of Waste Management have returned +16.8% over the past month versus the Zacks S&P 500 composite's -0.8% 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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