Waste Management earnings missed by $0.03, revenue topped estimates
Waste Management (WM) reported Q3 EPS of $2.15, missing estimates by $0.03, while revenue of $6.85B exceeded expectations. The stock is up 4.09% over 3 months and 15.46% over 12 months. InvestingPro rates its financial health as 'good performance'.
How this was made
The 30-second read
Why it matters
The earnings miss is modest, likely leading to short-term price pressure, while the revenue beat may cushion the move.
Market read
The earnings release provides fresh data for traders; the slight miss may prompt short-term trading decisions.
What to watch
Potential cost pressures or upcoming capital expenditures not discussed could affect future performance.
Background
Waste Management (NYSE: WM) is a leading U.S. waste services provider. The article summarizes its Q3 earnings release.
Ticker impact
Waste Management reported Q3 EPS of $2.15, missing consensus by $0.03 and revenue of $6.85B versus $6.81B estimate.
likely modest downside as the market prices in the EPS miss
EPS miss is small but may trigger short-term sell pressure; revenue beat may limit the decline.
Market effects
Waste Management's results may influence the waste and environmental services sector, setting a benchmark for peers.
Limited to U.S. markets; no broader regional effect.
Minimal global impact beyond sector.
Counterpoint
Investors could view the revenue beat as a sign of resilience and hold the stock despite the EPS miss.
Key entities
- CompanyWaste Management
U.S. waste services provider reporting Q3 results.

