Waste Management (WM) Stock Sinks As Market Gains: What You Should Know

Waste Management (WM) closed at $203.80 in the latest trading session, marking a -0.99% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.73%. At the same time, the Dow added 0.16%, and the tech-heavy Nasdaq gained 0.98%.The garbage and recycling hauler's shares have seen a decrease of 8.28% over the last month, not keeping up with the Business Services sector's gain of 0.33% and the S&P 500's gain of 0.34%.Market participants will be closely following the financial results of Waste Management in its upcoming release. The company plans to announce its earnings on January 29, 2025. The company is expected to report EPS of $1.80, up 3.45% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $5.89 billion, indicating a 12.86% growth compared to the corresponding quarter of the prior year.For the full year, the Zacks Consensus Estimates are projecting earnings of $7.32 per share and revenue of $22.06 billion, which would represent changes of +18.26% and +7.99%, respectively, from the prior year.It is also important to note the recent changes to analyst estimates for Waste Management. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.03% fall in the Zacks Consensus EPS estimate. At present, Waste Management boasts a Zacks Rank of #3 (Hold).Digging into valuation, Waste Management currently has a Forward P/E ratio of 28.12. This signifies no noticeable deviation in comparison to the average Forward P/E of 28.12 for its industry.We can additionally observe that WM currently boasts a PEG ratio of 2.28. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Waste Removal Services was holding an average PEG ratio of 2.6 at yesterday's closing price.The Waste Removal Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 197, which puts it in the bottom 22% of all 250+ industries.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks