Waste Management Inc. ($WM) Stock Forecast: Down 7.5% Today

What is Waste Management Inc.?

Waste Management, Inc. (NYSE: WM) is a leading provider of comprehensive waste management services in North America, including collection, recycling, and disposal solutions. The company plays a crucial role in environmental sustainability and resource management.

Why is Waste Management Inc. going down?

WM stock is down 7.5% on Jul 25, 2024 19:53

• 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.

WM Price Chart

WM News

Why Waste Management Shares Are Diving Today - Waste Management ( NYSE:WM )

Waste Management, Inc. WM shares are trading lower after the company reported worse-than-expected second-quarter financial results. Sales of $5.402 billion missed the consensus of $5.427 billion.

https://www.benzinga.com/news/earnings/24/07/39964524/why-waste-management-shares-are-diving-today

Waste Management ( WM ) Q2 Earnings Meet Estimates, Rise Y/Y

Waste Management's (WM) second-quarter 2024 earnings and revenues rise year over year.

https://www.zacks.com/stock/news/2309349/waste-management-wm-q2-earnings-meet-estimates-rise-yy

Why Waste Management Stock Is in the Dumps Today

Quarterly results raise concerns about near-term weakness.

https://www.fool.com/investing/2024/07/25/why-waste-management-stock-is-in-the-dumps-today/?source=iedfolrf0000001

Leading stock market movers: IBM and ServiceNow may halt yesterday''s negative sentiment

Earnings results update, 24 July AMC Based on the earnings results of companies reporting last night, here''s a summary focusing on the moves made by these companies and their possible impact on the overall market indices such as SPX and NDX. Emphasis is placed on the most popular companies and brands that are likely to influence market sentiment. Highlights of most popular companies International Business Machines (IBM) Move: +3.0% Market Cap: $168.7B Impact: IBM''s positive move is likely to contribute to a bullish sentiment in the market. ServiceNow (NOW) Move: +6.8% Market Cap: $150.1B Impact: ServiceNow''s substantial positive move adds to the bullish outlook. Ford Motor Company (F) Move: -11.6% Market Cap: $54.6B Impact: Ford''s significant negative move indicates bearish sentiment. Other notable movers KLA (KLAC) Move: +4.1% Market Cap: $101.8B Impact: A positive move from KLA suggests a bullish indicator, though it may be overshadowed by larger market caps. Waste Management (WM) Move: -3.7% Market Cap: $87.2B Impact: Waste Management''s negative move adds a bearish tone to the market sentiment. Chipotle Mexican Grill (CMG) Move: +4.4% Market Cap: $71.1B Impact: A positive move from Chipotle is a bullish indicator. Overall market cap weighted trend Positive influence: IBM (+3.0%): With a market cap of $168.7B, IBM''s positive move will have a considerable bullish influence.

https://www.forexlive.com/news/leading-stock-market-movers-ibm-and-servicenow-may-halt-yesterdays-negative-sentiment-20240725/

Waste Management ( WM ) Q2 Earnings Meet Estimates

Waste Management (WM) delivered earnings and revenue surprises of 0% and 0.24%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2308332/waste-management-wm-q2-earnings-meet-estimates

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Waste Management Inc. Price History

13.01.2024 - WM Stock was up 5.5%

• Waste Management (WM) shares had a strong bullish movement after the company reported better-than-expected fourth-quarter results.
• The impressive Q4 performance, with earnings and revenues surpassing estimates, contributed to the stock's rise.
• The positive earnings beat and profit exceeding expectations likely fueled investor confidence and drove the bullish market movement for Waste Management (WM).
• The overall bullish sentiment in the market, with the S&P 500 and Dow Jones performing well, may have also provided a favorable backdrop for Waste Management (WM) to gain traction.

13.01.2024 - WM Stock was up 5.1%

• WM stock demonstrated a notable upward trend, with an increase of almost 3%.
• The company's Q4 performance surpassed expectations, outperforming predictions for both earnings and revenues.
• WM's Q4 profit also exceeded analysts' estimates.
• The encouraging earnings results likely influenced the bullish movement of WM stock.

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.