FY2026 EPS Forecast for Waste Management Lowered by Analyst

Key Points

• Erste Group Bank lowered Waste Management’s FY2026 EPS forecast slightly to $8.14 from $8.15, matching the current analyst consensus; it projects FY2027 EPS of $9.04.
• Analyst sentiment remains favorable, with 13 Buy ratings and seven Holds producing a “Moderate Buy” consensus and an average price target of $258.89.
• Waste Management recently reported quarterly EPS of $2.02, beating expectations of $1.98, while revenue rose 4.0% year over year to $6.68 billion but fell short of the $6.71 billion consensus estimate.

Waste Management, Inc. (NYSE:WM - Free Report) - Equities research analysts at Erste Group Bank cut their FY2026 earnings per share estimates for shares of Waste Management in a report released on Wednesday, August 5th. Erste Group Bank analyst H. Engel now anticipates that the business services provider will post earnings per share of $8.14 for the year, down from their prior estimate of $8.15. The consensus estimate for Waste Management's current full-year earnings is $8.14 per share. Erste Group Bank also issued estimates for Waste Management's FY2027 earnings at $9.04 EPS.

Several other research firms have also issued reports on WM. UBS Group increased their target price on shares of Waste Management from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Scotiabank increased their price objective on shares of Waste Management from $250.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 16th. Weiss Ratings upgraded shares of Waste Management from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday. Oppenheimer lowered their target price on shares of Waste Management from $264.00 to $263.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 8th. Finally, TD Cowen increased their price target on Waste Management from $270.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $258.89.

Waste Management Stock Down 0.5%

NYSE WM opened at $226.52 on Tuesday. Waste Management has a 52 week low of $194.11 and a 52 week high of $248.13. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $90.54 billion, a P/E ratio of 32.08, a price-to-earnings-growth ratio of 2.80 and a beta of 0.44. The stock's 50-day moving average price is $226.97 and its 200-day moving average price is $227.95.

Waste Management (NYSE:WM - Get Free Report) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.04. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.Waste Management's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 earnings per share.

Institutional Trading of Waste Management

Hedge funds have recently bought and sold shares of the stock. Elevated Capital Advisors LLC bought a new stake in shares of Waste Management in the fourth quarter worth about $25,000. Financial Network Wealth Advisors LLC boosted its stake in Waste Management by 55.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider's stock valued at $29,000 after buying an additional 47 shares during the last quarter. RHL Group LLC purchased a new position in Waste Management during the 4th quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. bought a new stake in Waste Management in the 4th quarter worth approximately $29,000. Finally, JPL Wealth Management LLC bought a new stake in Waste Management in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 80.40% of the company's stock.

About Waste Management

Waste Management, Inc NYSE: WM is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

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