Equity Profile

WM

Waste Management, Inc.

IndustrialsEnvironmental & Facilities Services$88.5B

Jul27Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Waste Management, Inc. (WM) is a leading provider of waste management and environmental services in North America....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Not available

Revenue Growth

Revenue growth reflects the company's ability to expand its service offerings and customer base, particularly in a competitive market.

Not available

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

WM Q2-2026 Earnings Preview

Context

Company Snapshot

Waste Management, Inc. (WM) is a leading provider of waste management and environmental services in North America. The company plays a crucial role in sustainability efforts by managing waste collection, recycling, and disposal, which are increasingly important as environmental concerns grow.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+0.34%

Avg Stock Reaction

+0.75%

Last Quarter Recap

In Q1-2026, Waste Management reported an EPS of $1.81, beating estimates by 3.55%. The stock saw a modest increase of 0.51% the following day, indicating a positive market reaction.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for Waste Management's upcoming earnings are cautious, given the mixed results in previous quarters. Investors are looking for signs of consistent revenue growth and improved margins.

Bull Case

If Waste Management can demonstrate strong EPS growth and effective cost management, it may signal a robust recovery and increased demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to meet earnings expectations or shows signs of declining margins, it could raise concerns about its operational efficiency and market position, potentially leading to a negative stock reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact investor sentiment.

How is Waste Management addressing rising operational costs?

With increasing costs in the industry, management's strategy to manage these expenses will be crucial for maintaining margins and profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Waste Management's ability to manage rising costs effectively, which could lead to better-than-expected margins.

Supporting Evidence

The company's history of beating EPS estimates suggests it may continue to outperform expectations.

Options pricing indicates a higher expected move than historical averages, suggesting that investors are anticipating significant news.

The recent positive trend in EPS surprises indicates a potential for continued strong performance.

Key Risk

If operational costs are managed better than anticipated, it could lead to a significant upward revision in earnings expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Waste Management can sustain its growth and profitability in a challenging economic environment.

Bull Confirmed If

An EPS of $1.85 or higher would confirm strong profitability and operational efficiency.

Bear Confirmed If

An EPS below $1.75 would raise concerns about the company's ability to manage costs and maintain profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±5.33%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±5.3% while WM has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

20.8%

Calls (87K)P/C Ratio: 1.05Puts (37K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

This setup has occurred 30 times across Industrials in the last 2 years. 18 of 24 (75%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.7%, with a raw directional average of +1.7% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Waste Management beats EPS expectations, history suggests a potential stock increase of around 0.03%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating an average drop of around 1.95%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-WARick LarsenRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their effectiveness.
2Details on revenue growth in key segments, particularly recycling and waste collection.
3Management's outlook on market demand and pricing power.
4Insights into any new initiatives aimed at sustainability and environmental impact.
5Comments on competitive pressures and how the company plans to address them.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Waste Management, Inc. (WM) is a leading provider of waste management and environmental services in North America....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Not available

Revenue Growth

Revenue growth reflects the company's ability to expand its service offerings and customer base, particularly in a competitive market.

Not available

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

WM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+0.34%

Avg Stock Reaction

+0.75%

Last Quarter Recap

In Q1-2026, Waste Management reported an EPS of $1.81, beating estimates by 3.55%. The stock saw a modest increase of 0.51% the following day, indicating a positive market reaction.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Waste Management can demonstrate strong EPS growth and effective cost management, it may signal a robust recovery and increased demand for its services, leading to a positive market reaction.

Bear Case

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact investor sentiment.

How is Waste Management addressing rising operational costs?

With increasing costs in the industry, management's strategy to manage these expenses will be crucial for maintaining margins and profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Waste Management's ability to manage rising costs effectively, which could lead to better-than-expected margins.

Supporting Evidence

The company's history of beating EPS estimates suggests it may continue to outperform expectations.

Options pricing indicates a higher expected move than historical averages, suggesting that investors are anticipating significant news.

The recent positive trend in EPS surprises indicates a potential for continued strong performance.

Key Risk

If operational costs are managed better than anticipated, it could lead to a significant upward revision in earnings expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Waste Management can sustain its growth and profitability in a challenging economic environment.

Bull Confirmed If

An EPS of $1.85 or higher would confirm strong profitability and operational efficiency.

Bear Confirmed If

An EPS below $1.75 would raise concerns about the company's ability to manage costs and maintain profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±5.33%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±5.3% while WM has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

20.8%

Calls (87K)P/C Ratio: 1.05Puts (37K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Waste Management beats EPS expectations, history suggests a potential stock increase of around 0.03%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating an average drop of around 1.95%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-WARick LarsenRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their effectiveness.
2Details on revenue growth in key segments, particularly recycling and waste collection.
3Management's outlook on market demand and pricing power.
4Insights into any new initiatives aimed at sustainability and environmental impact.
5Comments on competitive pressures and how the company plans to address them.