Waste Management (WM) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Core Viewpoint - Waste Management's recent stock performance has lagged behind major indices, and upcoming earnings are anticipated to show growth in both EPS and revenue [1][2][3]. Financial Performance - The upcoming EPS for Waste Management is projected at $1.80, reflecting a 3.45% increase year-over-year [2]. - Revenue is expected to reach $5.88 billion, marking a 12.74% increase from the same quarter last year [2]. - For the entire year, earnings are forecasted at $7.32 per share, indicating an 18.26% increase, while revenue is projected at $22.05 billion, a 7.96% increase compared to the previous year [3]. Analyst Estimates - Recent changes in analyst estimates suggest a favorable outlook on Waste Management's business health and profitability [4]. - The Zacks Rank system currently rates Waste Management as 3 (Hold), with a recent consensus EPS projection moving 0.22% higher [6]. Valuation Metrics - Waste Management has a Forward P/E ratio of 28.91, which aligns with the industry average [7]. - The company holds a PEG ratio of 2.34, compared to the industry average PEG ratio of 2.66 [7]. Industry Context - The Waste Removal Services industry ranks in the bottom 22% of all industries, with a Zacks Industry Rank of 198 [8]. - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8].