Waste Management, Inc. (WM) closed at $209.31 on the latest trading day, reflecting a marginal increase of 0.05%. This performance stands out against broader market trends, as the S&P 500 declined by 0.6%, the Dow by 0.39%, and the Nasdaq by 1.12%. Over the past month, WM’s stock has risen by 4.03%, outperforming the Business Services sector and the S&P 500, which gained 3.16% and 3.15%, respectively.
Upcoming earnings for WM are anticipated to reveal an EPS of $1.86, marking a 14.11% increase from the previous year, and expected revenue of $5.5 billion, a 5.82% year-over-year rise. For the full year, earnings are projected at $7.24 per share with total revenue forecasted at $21.54 billion, reflecting increases of 16.96% and 5.46%, respectively. Currently holding a Zacks Rank of #3 (Hold), WM also has a Forward P/E ratio of 28.9, slightly below the industry average of 30.69.
Analysts have noted recent modifications to earnings estimates, which signal confidence in WM’s business performance. The Waste Removal Services industry, part of the broader Business Services sector, currently ranks in the top 41% of over 250 industries.
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