WM Q2 EPS Beats, But Revenue Misses and Guidance Cut Sends Mixed Signals
WM sits 21% above its 52-week low of $194.11.
Summary
Waste Management's Q2 results were mixed: adjusted EPS of $2.02 beat the $1.98 consensus, but revenue of $6.68B slightly missed the $6.70B estimate. Core price increases of 5.7% drove the 4% revenue growth, while cost discipline kept operating expenses stable. The company returned over $1B to shareholders via buybacks and dividends. However, full-year revenue guidance was trimmed by 0.6% to $26.275B-$26.475B, though EBITDA and free cash flow outlooks were maintained. Additionally, the company lowered its 2026 revenue forecast amid a pullback from residential business. This follows a strong Q1 where net income rose 13.5% and free cash flow surged 93.7%.
At the time of this announcement, WM was trading at $235.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $96.1B. The 52-week trading range was $194.11 to $248.13. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.