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Waste Management Earnings Calls
| Release date | Jul 28, 2026 |
| EPS estimate | $1.98 |
| EPS actual | $2.02 |
| EPS Surprise | 2.02% |
| Revenue estimate | 6.709B |
| Revenue actual | 6.684B |
| Revenue Surprise | -0.376% |
| Release date | Apr 28, 2026 |
| EPS estimate | $1.75 |
| EPS actual | $1.81 |
| EPS Surprise | 3.43% |
| Revenue estimate | 6.279B |
| Revenue actual | 6.227B |
| Revenue Surprise | -0.83% |
| Release date | Jan 28, 2026 |
| EPS estimate | $1.95 |
| EPS actual | $1.93 |
| EPS Surprise | -1.03% |
| Revenue estimate | 6.387B |
| Revenue actual | 6.313B |
| Revenue Surprise | -1.15% |
| Release date | Oct 27, 2025 |
| EPS estimate | $2.01 |
| EPS actual | $1.98 |
| EPS Surprise | -1.49% |
| Revenue estimate | 6.492B |
| Revenue actual | 6.443B |
| Revenue Surprise | -0.759% |
Last 4 Quarters for Waste Management
Below you can see how WM performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Oct 27, 2025 |
| Price on release | $213.77 |
| EPS estimate | $2.01 |
| EPS actual | $1.98 |
| EPS surprise | -1.49% |
| Date | Price |
|---|---|
| Oct 21, 2025 | $214.89 |
| Oct 22, 2025 | $216.46 |
| Oct 23, 2025 | $216.11 |
| Oct 24, 2025 | $214.66 |
| Oct 27, 2025 | $213.77 |
| Oct 28, 2025 | $204.23 |
| Oct 29, 2025 | $197.53 |
| Oct 30, 2025 | $200.57 |
| Oct 31, 2025 | $199.77 |
| 4 days before | -0.521% |
| 4 days after | -6.55% |
| On release day | -4.46% |
| Change in period | -7.04% |
| Release date | Jan 28, 2026 |
| Price on release | $231.60 |
| EPS estimate | $1.95 |
| EPS actual | $1.93 |
| EPS surprise | -1.03% |
| Date | Price |
|---|---|
| Jan 22, 2026 | $229.00 |
| Jan 23, 2026 | $229.23 |
| Jan 26, 2026 | $230.25 |
| Jan 27, 2026 | $231.34 |
| Jan 28, 2026 | $231.60 |
| Jan 29, 2026 | $223.13 |
| Jan 30, 2026 | $222.24 |
| Feb 02, 2026 | $223.16 |
| Feb 03, 2026 | $225.09 |
| 4 days before | 1.14% |
| 4 days after | -2.81% |
| On release day | -3.66% |
| Change in period | -1.71% |
| Release date | Apr 28, 2026 |
| Price on release | $227.35 |
| EPS estimate | $1.75 |
| EPS actual | $1.81 |
| EPS surprise | 3.43% |
| Date | Price |
|---|---|
| Apr 22, 2026 | $223.93 |
| Apr 23, 2026 | $232.80 |
| Apr 24, 2026 | $229.53 |
| Apr 27, 2026 | $226.20 |
| Apr 28, 2026 | $227.35 |
| Apr 29, 2026 | $230.31 |
| Apr 30, 2026 | $232.55 |
| May 01, 2026 | $228.77 |
| May 04, 2026 | $227.85 |
| 4 days before | 1.53% |
| 4 days after | 0.220% |
| On release day | 1.30% |
| Change in period | 1.75% |
| Release date | Jul 28, 2026 |
| Price on release | $239.41 |
| EPS estimate | $1.98 |
| EPS actual | $2.02 |
| EPS surprise | 2.02% |
| Date | Price |
|---|---|
| Jul 22, 2026 | $236.38 |
| Jul 23, 2026 | $237.27 |
| Jul 24, 2026 | $238.75 |
| Jul 27, 2026 | $237.90 |
| Jul 28, 2026 | $239.41 |
| Jul 29, 2026 | $236.60 |
| Jul 30, 2026 | $226.33 |
| Jul 31, 2026 | $226.55 |
| Aug 03, 2026 | $226.43 |
| 4 days before | 1.28% |
| 4 days after | -5.42% |
| On release day | -1.17% |
| Change in period | -4.21% |
Waste Management Earnings Call Transcript Summary of Q2 2026
WM reported another quarter of earnings growth, margin expansion and strong cash generation driven by disciplined pricing, cost control and technology investments. Key operational highlights: collection & disposal delivered underlying margin expansion despite wildfire and fuel surcharge headwinds; recycling and renewable energy showed strong growth (recycling +12% tonnage year-over-year; RNG +1.6 million MMBtu produced in Q2) and healthcare integration continues to deliver margin and SG&A improvement (Healthcare EBITDA margin +200 bps, SG&A down materially). Financials/cash flow: Q2 operating EBITDA grew 5.5% (9.1% ex-wildfire cleanup), free cash flow grew 35% for the quarter and 56% for the first half; capex down ~18% Y/Y; company finished Q2 at 2.96x net leverage and expects leverage to decline further. Guidance/forward view: revenue range narrowed to $26.275B–$26.475B for 2026 reflecting softer volumes, recycling brokerage and RNG timing, partially offset by higher energy surcharges; margin guidance raised ~20 bps to 31%–31.2% for 2026 and management remains confident in full-year operating EBITDA and free cash flow targets. Capital allocation: aggressive shareholder returns in H1 ($1B buybacks, $764M dividends), continued disciplined tuck-in M&A (closed $235M of solid waste tuck-ins in Q2) and prioritized investment in areas that leverage WM's network (recycling automation, RNG, Healthcare Solutions).
