Waste Management (WM) outperformed the S&P 500 with a 1.22% gain in the recent session, ahead of its upcoming earnings release where EPS is projected to increase 4.4% to $1.9 and revenue is expected to rise 17.8% to $6.36 billion. Despite positive full-year forecasts and a Forward P/E ratio of 30.91, which is a premium compared to its industry, the stock carries a Zacks Rank of #3 (Hold), reflecting a slight downward revision in consensus EPS estimates over the past month and placing its industry in the bottom 31% of Zacks-ranked industries.
Waste Management (WM) recently demonstrated a +1.22% stock price increase to $237.15, outperforming the S&P 500's 0.38% gain, the Dow's 0.24% rise, and the Nasdaq's 0.24% increase. Over the past month, WM shares gained 5.31%, surpassing the Business Services sector's 3.09% gain but lagging the S&P 500's 6.6% advance. Attention is now focused on the company's upcoming earnings, with projected EPS of $1.9, a 4.4% year-over-year increase, and anticipated revenue of $6.36 billion, up 17.8% from the prior year's quarter. Full-year Zacks Consensus Estimates project earnings of $7.58 per share (+4.84% YoY) and revenue of $25.56 billion (+15.84% YoY). Despite these positive growth projections, recent analyst estimate revisions show a slight 0.05% downward movement in the Zacks Consensus EPS estimate over the past month, contributing to WM's current Zacks Rank of #3 (Hold). Valuation-wise, WM trades at a Forward P/E ratio of 30.91, a premium to its industry's average of 27.45, and possesses a PEG ratio of 3.1, roughly in line with the Waste Removal Services industry's average PEG of 3.19. The Waste Removal Services industry itself holds a Zacks Industry Rank of 170, placing it in the bottom 31% of over 250 industries, indicating potential sector-wide headwinds.
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