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Waste Management (WM) Outpaces Stock Market Gains: What You Should Know
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Waste Management (WM - Free Report) closed at $113.16 in the latest trading session, marking a +0.6% move from the prior day. This move outpaced the S&P 500's daily gain of 0.49%. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq added 0.43%.
Coming into today, shares of the garbage and recycling hauler had gained 1.14% in the past month. In that same time, the Business Services sector gained 2.18%, while the S&P 500 gained 2.9%.
Investors will be hoping for strength from WM as it approaches its next earnings release. In that report, analysts expect WM to post earnings of $1.13 per share. This would mark no growth from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.95 billion, up 2.73% from the year-ago period.
WM's full-year Zacks Consensus Estimates are calling for earnings of $4.35 per share and revenue of $15.57 billion. These results would represent year-over-year changes of +3.57% and +4.38%, respectively.
Investors might also notice recent changes to analyst estimates for WM. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.01% lower. WM currently has a Zacks Rank of #3 (Hold).
Digging into valuation, WM currently has a Forward P/E ratio of 25.85. This valuation marks a discount compared to its industry's average Forward P/E of 27.04.
Meanwhile, WM's PEG ratio is currently 3.14. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Waste Removal Services stocks are, on average, holding a PEG ratio of 3.23 based on yesterday's closing prices.
The Waste Removal Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 101, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Waste Management (WM) Outpaces Stock Market Gains: What You Should Know
Waste Management (WM - Free Report) closed at $113.16 in the latest trading session, marking a +0.6% move from the prior day. This move outpaced the S&P 500's daily gain of 0.49%. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq added 0.43%.
Coming into today, shares of the garbage and recycling hauler had gained 1.14% in the past month. In that same time, the Business Services sector gained 2.18%, while the S&P 500 gained 2.9%.
Investors will be hoping for strength from WM as it approaches its next earnings release. In that report, analysts expect WM to post earnings of $1.13 per share. This would mark no growth from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.95 billion, up 2.73% from the year-ago period.
WM's full-year Zacks Consensus Estimates are calling for earnings of $4.35 per share and revenue of $15.57 billion. These results would represent year-over-year changes of +3.57% and +4.38%, respectively.
Investors might also notice recent changes to analyst estimates for WM. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.01% lower. WM currently has a Zacks Rank of #3 (Hold).
Digging into valuation, WM currently has a Forward P/E ratio of 25.85. This valuation marks a discount compared to its industry's average Forward P/E of 27.04.
Meanwhile, WM's PEG ratio is currently 3.14. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Waste Removal Services stocks are, on average, holding a PEG ratio of 3.23 based on yesterday's closing prices.
The Waste Removal Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 101, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.