Waste Management (WM) rose 1.85 percent to $215.75 today, outperforming a broad market selloff. The S&P 500 fell 1.1 percent, the Nasdaq dropped 1.9 percent, and the Dow slipped 0.1 percent.
Analysts expect WM to report third-quarter earnings per share of $2.18 on October 27, up 10.1 percent year-over-year, with quarterly revenue projected at $6.8 billion, a 5.6 percent increase.
For the full fiscal year, consensus estimates call for earnings of $8.12 per share, an 8.27 percent gain, and revenue of $26.4 billion, up 4.74 percent.
WM trades at a forward P/E of 26.07, a slight premium to its industry average of 25.97. The stock carries a Zacks Rank of #3 (Hold) and a PEG ratio of 2.69, in line with sector peers. The Waste Removal Services industry ranks 60th among 250-plus industries tracked by Zacks, placing it in the top 25 percent.
