Waste Management Inc. ($WM) Stock Forecast: Up 5.2% Today

What is Waste Management Inc.?

Waste Management (WM) is a leading environmental services company that provides waste management, environmental services, and recycling solutions in North America.

Why is Waste Management Inc. going up?

WM stock is up 5.2% on Oct 29, 2024 18:38

• Waste Management (WM) had a strong bullish movement today, with its stock price increasing.
• The company's earnings and revenues in Q3 surpassed estimates, with increased revenues across all segments.
• Analysts expected Waste Management to report higher quarterly earnings compared to the year-ago period.
• The positive market movement could be attributed to the strong Q3 earnings results and the growth in organic revenues, indicating a solid performance by the company.

WM Price Chart

WM Technical Analysis

WM News

Waste Management Earnings & Revenues Surpasses Estimates in Q3

WM witnesses increased revenues across all segments in the third quarter of 2024.

https://www.zacks.com/stock/news/2359916/waste-management-earnings-revenues-surpasses-estimates-in-q3

ON Semiconductor, Ford And 3 Stocks To Watch Heading Into Monday - CenterPoint Energy ( NYSE:CNP ) , Ford Motor ( NYSE:F )

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects ON Semiconductor Corporation ON to report quarterly earnings at 97 cents per share on revenue of $1.75 billion before the opening bell, ...

https://www.benzinga.com/news/earnings/24/10/41567301/on-semiconductor-ford-and-3-stocks-to-watch-heading-into-monday

How To Earn $500 A Month From Waste Management Stock Ahead Of Q3 Earnings - Waste Management ( NYSE:WM )

Waste Management, Inc. WM will release earnings results for its third quarter, after the closing bell on Monday, Oct. 28, Analysts expect the Houston, Texas-based company to report quarterly earnings at $1.89 per share, up from $1.63 per share in the year-ago period.

https://www.benzinga.com/news/earnings/24/10/41543872/how-to-earn-500-a-month-from-waste-management-stock-ahead-of-q3-earnings

Waste Management ( WM ) Increases Despite Market Slip: Here's What You Need to Know

Waste Management (WM) reachead $211.80 at the closing of the latest trading day, reflecting a +0.36% change compared to its last close.

https://www.zacks.com/stock/news/2356354/waste-management-wm-increases-despite-market-slip-heres-what-you-need-to-know

Waste Management to Report Q3 Earnings: What's in the Offing?

WM's third-quarter 2024 revenues are expected to have gained from the growth in organic revenues.

https://www.zacks.com/stock/news/2355974/waste-management-to-report-q3-earnings-whats-in-the-offing

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Waste Management Inc. Price History

29.09.2024 - WM Stock was up 5.2%

• Waste Management (WM) had a strong bullish movement today, with its stock price increasing.
• The company's earnings and revenues in Q3 surpassed estimates, with increased revenues across all segments.
• Analysts expected Waste Management to report higher quarterly earnings compared to the year-ago period.
• The positive market movement could be attributed to the strong Q3 earnings results and the growth in organic revenues, indicating a solid performance by the company.

29.09.2024 - WM Stock was up 5.1%

• Waste Management (WM) stock demonstrated a robust bullish movement, reaching $211.80 at the close of the latest trading session, despite the broader market decline.
• Analysts are anticipating an increase in Waste Management's Q3 earnings to $1.89 per share from $1.63, likely influencing the positive market sentiment.
• The projected growth in organic revenues for Waste Management in the third quarter of 2024 could have further bolstered investor confidence, fueling the upward momentum in the stock.
• The growing emphasis on waste management and environmental sustainability in the current market environment may have attracted investors to Waste Management stock, contributing to its upward trend.

14.01.2024 - WM Stock was up 5.9%

• Waste Management (WM) stock received a strong-buy rating.
• The company's fourth-quarter results exceeded expectations, resulting in a rise in the stock price.
• Despite the general market trend of U.S. equities decreasing due to higher than expected consumer inflation in January, Waste Management stock managed to increase.

14.01.2024 - WM Stock was up 5.9%

• Waste Management (WM) experienced significant market gains today, for the following reasons:
• WM received an upgraded rating, indicating positive sentiment towards its stock.
• Limited information regarding the earnings call presentations suggests strong financial performance.
• The overall market sentiment, influenced by higher than anticipated consumer inflation, may have positively influenced WM's stock price.
• The absence of news relating to other companies indicates that WM's bullish movement is primarily driven by internal factors.

25.03.2024 - WM Stock was up 0.8%

• Waste Management (WM) reported earnings per share of $1.75 for Q1 2024, surpassing analyst estimates, which contributed to the bullish market movement.
• Despite falling slightly short of revenue expectations, the company's overall performance exceeded market projections, bolstering investor confidence.
• The positive earnings report and outperformance by Waste Management demonstrated the company's resilience in overcoming challenges and delivering robust financial results, driving the stock price up.
• Investors seemed encouraged by Waste Management's strong Q1 performance, signaling trust in the company's ability to navigate economic uncertainties and create value for shareholders.

16.04.2024 - WM Stock was up 1.4%

• Waste Management (WM) experienced a strong bullish movement today.
• Analysts initiated coverage on Avalon (AWX) with a "hold" rating, potentially diverting attention from other stocks.
• GFL Environmental Inc. (GFL) announced results from its annual general meeting, possibly indicating stability in the waste management sector.
• The updated stock price targets for Q2 2024 on steady compounder stocks like Waste Management might have influenced investor optimism and contributed to the bullish movement.

13.01.2024 - WM Stock was up 5.9%

• Waste Management (WM) experienced significant upward momentum today for the following reasons:
• The company delivered Q4 results that surpassed expectations, contributing to the positive market movement.
• Waste Management witnessed year-over-year increases in both revenue and earnings during the fourth quarter, outperforming estimates.
• The impressive performance in Q4 and the favorable market sentiment surrounding Waste Management led to an upswing in its stock price.
• Additionally, despite a decline in the overall market during midday, Waste Management's positive performance distinguished itself amidst the broader market downturn caused by an unexpected rise in consumer inflation.
• In summary, Waste Management's noteworthy upward momentum today can be attributed to its above-expectation Q4 results and the optimistic market sentiment surrounding the company.

03.05.2024 - WM Stock was down 2.5%

• The bearish movement in Waste Management's stock could be attributed to profit-taking by investors following the announcement of the acquisition of Stericycle Inc. (SRCL) for $62 per share in cash, which represents a 20% premium.
• The market may be reacting to uncertainties surrounding the deal, as indicated by the investigation initiated by Johnson Fistel, LLP into potential breaches of fiduciary duties by Stericycle's board members.
• Despite the bearish trend, Oppenheimer's bullish stance on Waste Management stock and approval of the $7.2 billion Stericycle deal suggest long-term growth prospects, potentially leading to a rebound in the stock price in the future.

14.01.2024 - WM Stock was up 5.9%

• The bullish movement in WM's stock today can be attributed to the following factors:
• 1. Strong Q4 2023 Earnings: Waste Management reported better-than-expected fourth-quarter results, with increased revenues and earnings compared to the previous year. This positive financial performance likely boosted investor confidence and contributed to the bullish market movement.
• 2. Positive Market Sentiment: Waste Management's strong earnings and revenue beat estimates, indicating that the company is performing well. This positive sentiment among investors could have driven the bullish movement in the stock.
• 3. Overall Market Conditions: Despite a midday dip in U.S. equities due to higher-than-expected consumer inflation, Waste Management's stock managed to climb higher. This suggests that investors may view Waste Management as a stable and resilient company, leading to increased demand for its shares.
• 4. Industry Outlook: Waste management is an essential service, and with increasing environmental concerns and regulations, companies like Waste Management are expected to play a crucial role in waste disposal and recycling. This positive industry outlook could have contributed to the bullish movement in WM's stock.

25.06.2024 - WM Stock was down 6.8%

• Waste Management's Q2 earnings matched estimates but fell short of revenue expectations, resulting in a neutral market sentiment.
• The buoyant market performance of companies such as IBM and ServiceNow could have overshadowed Waste Management's weaker showing, influencing the bearish direction.
• Even though positive growth outlooks were mentioned, the revenue shortfall in the recent earnings report likely affected investor trust, causing the stock's decline.
• Attention on companies like ServiceNow and IBM with strong upward movements may have diverted focus from Waste Management, influencing its bearish market response amidst a mixed sentiment.

25.06.2024 - WM Stock was down 7.5%

• Waste Management (WM) experienced a strong bearish movement today, with shares trading lower following worse-than-expected second-quarter financial results.
• The company's sales of $5.402 billion missed the consensus of $5.427 billion, raising concerns about near-term weakness and leading to a negative market sentiment.
• Despite Waste Management's Q2 earnings meeting estimates and showing a year-over-year rise in revenues, the slight miss in sales expectations likely contributed to the stock's decline.
• The bearish movement in Waste Management's stock may have been influenced by the disappointing financial results, overshadowing positive moves by other companies like IBM and ServiceNow, which contributed to a bullish outlook in the market.

25.06.2024 - WM Stock was down 6.8%

• Waste Management (WM) stock experienced a bearish movement today, possibly influenced by the company's Q2 earnings missing estimates, despite showing an increase from the previous year.
• The concerns raised by the quarterly results about near-term weakness could have contributed to the negative sentiment surrounding Waste Management stock.
• While other companies like IBM and ServiceNow reported positive moves, Waste Management's negative movement added a bearish tone to the overall market sentiment.
• Investors might be reacting to the mixed earnings results and uncertainties about future performance, leading to the downward pressure on Waste Management stock.