Waste Management (WM) Gains But Lags Market: What You Should Know

Waste Management (WM) closed at $234.56 in the latest trading session, marking a +0.33% move from the prior day. The stock lagged the S&P 500's daily gain of 0.67%. On the other hand, the Dow registered a gain of 0.56%, and the technology-centric Nasdaq increased by 0.87%.The the stock of garbage and recycling hauler has risen by 1.67% in the past month, leading the Business Services sector's loss of 3.55% and the S&P 500's loss of 5.28%.The investment community will be paying close attention to the earnings performance of Waste Management in its upcoming release. The company is slated to reveal its earnings on April 28, 2025. On that day, Waste Management is projected to report earnings of $1.68 per share, which would represent a year-over-year decline of 4%. Meanwhile, our latest consensus estimate is calling for revenue of $6.13 billion, up 18.76% from the prior-year quarter.Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.59 per share and revenue of $25.62 billion. These totals would mark changes of +4.98% and +16.14%, respectively, from last year.Any recent changes to analyst estimates for Waste Management should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.07% downward. At present, Waste Management boasts a Zacks Rank of #3 (Hold).With respect to valuation, Waste Management is currently being traded at a Forward P/E ratio of 30.78. This denotes a premium relative to the industry's average Forward P/E of 26.74.We can additionally observe that WM currently boasts a PEG ratio of 2.81. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Waste Removal Services industry held an average PEG ratio of 2.48.The Waste Removal Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 191, positioning it in the bottom 24% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the 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.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Waste Management, Inc. (WM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks