Waste Management, Inc. (WM) earnings on July 28, 2026
More Waste Management, Inc. earnings
Prior outlook: Optimistic Outcome: Partial
Waste Management's stock fell after the company reported mixed quarterly results and lowered its sales forecast for next year.
WM price around the earnings
236.60
Change: -1.2%
2026-07-29, 20:00 UTC
Start of the measured window
End of the measured window
232.00
235.57
239.15
242.72
239.41
July 28, 2026
July 29, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Partial
- Thesis published
- Results released
Analyst upgrades to $260 target with positive trend strength, but mixed earnings history (50% beat rate) creates uncertainty.
Context analyzed before publication
- Trend
- Positive trend strength into event, but recent trajectory shows cooling and volatility despite analyst upgrades.
Analysts
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.75
- Analysts covering the stock
- 25
- Average price target
- 257.92
- Lowest price target
- 220
- Highest price target
- 285
- Upside to price target
- 7.4%
- Quarterly earnings growth
- 13.5%
- Revenue growth
- 3.5%
- Forward EPS
- 9.21
- Trailing EPS
- 0.86
- Analyst moves in the last 60 days
- 3
- Strong buy: 3
- Buy: 16
- Hold: 9
- Sell: 0
- Strong sell: 0
- Strong buy
- 3
- Buy
- 16
- Hold
- 9
- Sell
- 0
- Strong sell
- 0
- July 16, 2026 · Scotiabank: Maintains rating (Sector Perform → Sector Perform)
- July 10, 2026 · Citigroup: Maintains rating (Buy → Buy)
- July 8, 2026 · Oppenheimer: Maintains rating (Outperform → Outperform)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (8)
- Here's How Much $1000 Invested In Waste Management 15 Years Ago Would Be Worth Today (opens in a new tab) — Benzinga
- Scotiabank Maintains Sector Perform on Waste Management, Raises Price Target to $260 (opens in a new tab) — Benzinga
- Citigroup Maintains Buy on Waste Management, Raises Price Target to $269 (opens in a new tab) — Benzinga
- Oppenheimer Maintains Outperform on Waste Management, Lowers Price Target to $263 (opens in a new tab) — Benzinga
- Here’s How Much You Would Have Made Owning Waste Management Stock In The Last 15 Years (opens in a new tab) — Benzinga
- This Meta Platforms Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday (opens in a new tab) — Benzinga
- CIBC Upgrades Waste Management to Outperformer, Announces $244 Price Target (opens in a new tab) — Benzinga
- GFL Environmental Explores Sale as Stock Slumps (opens in a new tab) — Benzinga
Technicals
Evidence
- Average true range (ATR)
- 1.8%
- Distance to 52-week high
- -1.8%
- 14-day change (14d)
- +0.4%
- 30-day change (31d)
- +5.5%
- 30-day relative strength
- +4.2%
- SPY change (31d)
- +1.3%
- Nearest support
- 236.89
- Nearest resistance
- 238.5
- Volume accumulation ratio (14d / 46d)
- 0.99
Trends
Evidence
- Average earnings surprise
- +0.8%
- April 28, 2026: actual EPS 1.81 vs estimate 1.74 (surprise +4.0%)
- January 28, 2026: actual EPS 1.93 vs estimate 1.95 (surprise -0.9%)
- October 27, 2025: actual EPS 1.98 vs estimate 2.01 (surprise -1.6%)
- July 28, 2025: actual EPS 1.92 vs estimate 1.89 (surprise +1.8%)
Expected move
- Implied move
- +1.5%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 3.2%
- 75th percentile move
- 5.2%
- 90th percentile move
- 6.1%
- Up / down moves
- 10 / 10
- Average up move
- +3.8%
- Average down move
- -2.9%
Monitoring and close
What Waste Management, Inc. reported
- Status
- Finished
| Actual EPS | 2.02 |
|---|---|
| EPS estimate | 1.98 |
| EPS surprise | +2.0% |
| Revenue | $6,684 million |
| Revenue estimate | $6,701 million |
| Revenue surprise | -0.3% |
Waste Management reports strong cash flow and margin improvement in Q2, despite weak volumes weighing on revenue.
Sources (9)
- Waste Management, Inc. (WM) Q2 2026 Earnings Call Transcript (opens in a new tab) — SeekingAlpha
- WM Earnings Beat on Pricing in Q2, Revenues Miss Estimates (opens in a new tab) — Zacks
- Waste Management (WM) Q2 Earnings Surpass Estimates (opens in a new tab) — Zacks
- Here's What Key Metrics Tell Us About Waste Management (WM) Q2 Earnings (opens in a new tab) — Zacks
- Waste Management (NYSE:WM) Posts Q2 CY2026 Sales In Line With Estimates (opens in a new tab) — StockStory
- Waste Management Lowers FY2026 Sales Guidance from $26.425B-$26.625B to $26.275B-$26.475B vs $26.532B Est (opens in a new tab) — Benzinga
- Waste Management reported adjusted earnings of $2.02 per share, beating the $1.98 estimate, but revenue of $6.684B missed the $6.701B forecast. — Benzinga
- Waste Management Q2 Adj. EPS $2.02 Beats $1.98 Estimate, Sales $6.684B Miss $6.701B Estimate (opens in a new tab) — Benzinga
- WM Announces Second Quarter 2026 Earnings (opens in a new tab) — Yahoo
Pre-market second reading after the results
- Verdict
- Mixed results
Heading into the open, the figures don't clearly confirm the prior scenario.
How the stock reacted
- Outcome
- Partial
- Consolidated
- -1.2%
- Max favorable move (MFE)
- 1.5%
- Max adverse move (MAE)
- 3.1%