Waste Management (WM) closed at $229.61 on the latest trading day, a 0.4% increase, outperforming the S&P 500, which fell by 1.59%. Over the past month, WM’s stock has risen by 9.13%, surpassing the Business Services sector’s gain of 2.76%.
The company is expected to announce its financial results soon, with an estimated earnings per share (EPS) of $1.69, a 3.43% decrease from the same quarter last year. Revenue is projected to be $6.14 billion, reflecting a 19.03% increase year-over-year. For the full fiscal year, earnings are estimated to be $7.68 per share with a revenue forecast of $25.63 billion, representing annual increases of 6.22% and 16.16%, respectively.
Currently, Waste Management has a Zacks Rank of #3 (Hold) and a Forward Price-to-Earnings (P/E) ratio of 29.79, compared to the industry average of 26.31. The company’s PEG ratio stands at 2.72, indicating it trades at a premium relative to its industry peers.
