Waste Management Q3 revenue slightly beats on higher volumes

Waste Management

27/10/2026 20:40

Overview
US waste services provider's Q3 revenue slightly beat analyst expectations
Adjusted EPS for Q3 missed analyst expectations
Company returned $957 mln to shareholders via buybacks and dividends in Q3

Outlook
WM expects 2026 revenue at high end of $26.275-$26.475 bln guidance
Company sees 2026 adj operating EBITDA within $8.15-$8.25 bln guidance
WM expects 2026 free cash flow at high end of $3.75-$3.85 bln guidance

Result Drivers
PRICING AND SURCHARGES - Co said Q3 revenue growth was driven by higher pricing, energy surcharges and increased recycling and renewable energy volumes
HEALTHCARE SOLUTIONS - Co said Healthcare Solutions segment saw higher revenue and operating income due to cost management, synergies and pricing
OPERATING EFFICIENCY OFFSET - Co said Collection and Disposal efficiency improved, but higher fuel and risk management costs offset margin gains

Company press release: ID:nBw2G0QZCa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$6.85 bln
$6.81 bln (21 Analysts)
Q3 Adjusted EPS
Miss
$2.15
$2.18 (23 Analysts)
Q3 EPS
 
$2.05
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Waste Management Inc is $257.00, about 6.6% above its October 26 closing price of $241.02
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 26 three months ago

Reuters Recommended Reads
Oct 27 - Pentair Q3 sales beat estimates on water solutions growth; reaffirms profit guidance
Oct 27 - SunCoke Energy Q3 Adjusted EBITDA rises 30% on higher terminals volumes
Oct 26 - Hawkins Q2 revenue beats estimates on water treatment growth, acquisitions

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)