Waste Management stock trades at USD 207.96 after outlook cut

Published on 09/25/2026 at 14:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Waste Management stock carries a USD 26.28 billion to USD 26.48 billion 2026 revenue outlook after Q2 adjusted EPS reached USD 2.02 versus USD 1.99 consensus. Results follow October 27, 2026.

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Waste Management stock (ISIN US94106L1098) stood at USD 207.96 on the NYSE at the official close on September 24, 2026, up USD 0.08 or 0.04 percent from the prior close. The latest operating picture combines Q2 earnings growth with a lower full-year revenue outlook, giving investors two competing signals before the next report.

Q2 earnings beat consensus

For Q2 2026, adjusted earnings per share reached USD 2.02, beating the Zacks consensus of USD 1.99 by 1.5 percent, according to Zacks. Adjusted EPS also rose 5.2 percent from USD 1.92 in the year-ago quarter, while revenue increased 4 percent year over year to USD 6.68 billion.

The earnings mix was less uniform than the EPS headline suggests. Collection and Disposal volume declined 1.8 percent, while core price increased 5.7 percent and adjusted operating EBITDA rose 5.5 percent to USD 2.07 billion, according to Zacks.

Lower revenue outlook sets the test

WM reduced its 2026 revenue outlook to USD 26.28 billion to USD 26.48 billion from USD 26.43 billion to USD 26.63 billion, citing lower volume expectations partly offset by higher energy surcharges. The company maintained its adjusted operating EBITDA outlook at USD 8.15 billion to USD 8.25 billion and its free cash flow outlook at USD 3.75 billion to USD 3.85 billion, according to Zacks.

The valuation backdrop remains higher than the latest share price. A Yahoo Finance report cited a Moderate Buy consensus from 28 analysts and a mean price target of USD 261.38, with implied upside of 19.5 percent from the reference level, although that target is a consensus measure rather than a company forecast.

Next results arrive October 27

WM will release third-quarter financial results after the market close on October 27, 2026, followed by an investor conference call on October 28, 2026, at 10:00 a.m. ET, according to Business Wire. That report will show whether pricing and operating efficiency can continue to offset softer collection volumes.

Stock stays below yearly high

At USD 207.96, Waste Management stock was 16.19 percent below its 52-week high of USD 248.13 and 7.14 percent above its 52-week low of USD 194.11, with NYSE volume of 1,969,419 shares on September 24, 2026. The market capitalization was USD 83,124,769,665 as of the same date.