Waste Management stock down slightly, outperforming market, with positive revenue projections.

From Nasdaq: 2024-12-31 18:15:20

Waste Management (WM) stock closed at $201.79, down 0.24% from the previous day, outperforming the S&P 500’s 0.43% loss. Over the past month, WM shares dropped 10.15%, underperforming the Business Services sector and S&P 500. Earnings report on Jan 29 projects EPS of $1.79 and revenue of $5.88 billion, up 12.77%.

Analysts expect Waste Management’s full-year earnings to be $7.32 per share and revenue to be $22.05 billion, representing a year-over-year increase. Recent estimate revisions reflect business trends, with a Zacks Rank of #3 (Hold) for WM. The Zacks Consensus EPS estimate has risen by 0.15% in the past month.

Waste Management’s valuation includes a Forward P/E ratio of 27.64 and a PEG ratio of 2.24, with average industry ratios for comparison. The Waste Removal Services sector has a Zacks Industry Rank of 184, in the bottom 27% of industries. Utilize Zacks.com for stock-moving metrics.

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Read more at Nasdaq: Waste Management (WM) Stock Moves -0.24%: What You Should Know