In the latest trading session, Waste Management (WM) closed at
outpaced the S&P 500’s 0.95% gain on the day. Meanwhile, the
Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added
0.12%.
Heading into today, shares of the garbage and recycling hauler
had lost 7.11% over the past month, lagging the Business Services
sector’s loss of 4.78% and the S&P 500’s loss of 3.49% in that
time.
as it approaches its next earnings report date. The company is
expected to report EPS of
quarter. Our most recent consensus estimate is calling for
quarterly revenue of
period.
WM’s full-year Zacks Consensus Estimates are calling for
earnings of
results would represent year-over-year changes of +14.67% and
+8.13%, respectively.
Any recent changes to analyst estimates for Waste Management
should also be noted by investors. These revisions typically
reflect the latest short-term business trends, which can change
frequently. As a result, we can interpret positive estimate
revisions as a good sign for the company’s business outlook.
Research indicates that these estimate revisions are directly
correlated with near-term share price momentum. To benefit from
this, we have developed the Zacks Rank, a proprietary model which
takes these estimate changes into account and provides an
actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong
Sell). It has a remarkable, outside-audited track record of
success, with #1 stocks delivering an average annual return of +25%
since 1988. The Zacks Consensus EPS estimate remained stagnant
within the past month. Waste Management is holding a Zacks Rank of
#3 (Hold) right now.
Looking at its valuation, Waste Management is holding a Forward
P/E ratio of 26.12. This valuation marks a premium compared to its
industry’s average Forward P/E of 18.84.
Meanwhile, WM’s PEG ratio is currently 2.4. 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. The Waste Removal Services was holding an
average PEG ratio of 2.4 at yesterday’s closing price.
The Waste Removal Services industry is part of the Business
Services sector. This group has a Zacks Industry Rank of 60,
putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to
worst in terms of the average Zacks Rank of the individual
companies within each of these sectors. Our research shows that the
top 50% rated industries outperform the bottom half by a factor of
2 to 1.
You can find more information on all of these metrics, and much
more, on Zacks.com.
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