Abstract
Waste Management will report its quarterly results on July 28, 2026 Post-Mkt; this preview synthesizes consensus tracking, company disclosures, and recent institutional commentary to frame expectations for revenue, margins, net income, and adjusted EPS with a focus on segment trends.
Market Forecast
Consensus tracking for the current quarter centers on total revenue of 6.70 billion US dollars, an estimated year-over-year growth of 5.33%, with EBIT around 1.27 billion US dollars and EPS of 1.98, implying roughly 4.45% year-over-year EPS growth. Margin assumptions point to a steady gross profit margin context, while net income and net margin are expected to reflect disciplined price execution and cost controls; management’s trajectory suggests mid-single-digit top-line growth and modest EPS expansion compared with last year.
Management’s core business outlook emphasizes resilient collection and landfill pricing with stable volumes supporting revenue growth and margin maintenance. The segment with the greatest incremental potential is the medical solutions and specialty waste stream, which continues to benefit from pricing and mix; collection remains the revenue cornerstone at 3.87 billion US dollars last quarter.
Last Quarter Review
Waste Management’s prior quarter delivered revenue of 6.23 billion US dollars, a gross profit margin of 40.68%, GAAP net income attributable to shareholders of 723.00 million US dollars, a net profit margin of 11.61%, and adjusted EPS of 1.81, reflecting a year-over-year increase of 8.38%.
A key highlight was positive pricing and cost discipline that helped deliver margin resilience despite mixed recycled commodity benchmarks and fuel variability. Main business performance was anchored by collection at 3.87 billion US dollars, with additional contributions from landfill at 0.86 billion US dollars and medical solutions at 0.61 billion US dollars, while recycling processing and sales added 0.37 billion US dollars.
Current Quarter Outlook
Core Collection and Landfill
Collection and landfill remain the core economic engine this quarter. With the company guiding to mid-single-digit revenue growth, price-led gains should offset any pockets of volume softness in commercial and industrial routes. Landfill yields are expected to remain constructive, supported by contractual escalators and disciplined acceptance of higher-value waste streams. Operating leverage from route optimization and fleet initiatives can further support gross margin stability around last quarter’s level, even if recycled commodity prices stay range-bound. On balance, we anticipate collection and landfill to deliver incremental revenue and EBIT consistent with the forecasted top-line growth of 5.33%, preserving net margin near low-double digits.
Medical Solutions and Specialty Waste
Medical solutions, alongside specialty waste streams, appears positioned for above-company-average growth as customers seek compliant and integrated disposal services. The business benefits from a mix of contractual pricing, specialized handling, and cross-selling opportunities with existing enterprise accounts. We expect continued revenue expansion and resilient profitability, given limited commodity exposure and differentiated service requirements. If volumes track in line with the broader healthcare and bioscience activity, this segment can outgrow the core, albeit from a smaller base of approximately 0.61 billion US dollars last quarter, contributing a modest uplift to consolidated growth and EBIT mix this quarter.
Factors Likely to Drive the Stock This Quarter
Investors will scrutinize price realization versus cost inflation, especially labor, maintenance, and fuel, to assess whether gross margin can hold near the recent 40% range. Commentary on landfill volumes, yields, and any project-driven swings will guide second-half cadence and inform sustainability of net margin around the 11%–12% range. Recycled commodity trends and renewable natural gas pricing serve as swing factors; contained volatility could keep results within guidance, but a favorable turn would provide incremental upside to both revenue and EBIT. Capital allocation updates—pace of buybacks and M&A pipeline in specialty waste—could also influence sentiment toward the EPS trajectory.
Analyst Opinions
Across recent institutional commentary, the majority view is bullish, citing durable price-led growth, stable landfill fundamentals, and execution on cost and network optimization that support mid-single-digit revenue growth with incremental margin progress. Analysts emphasizing the constructive setup point to expected EPS of 1.98 and EBIT of about 1.27 billion US dollars, which align with a thesis that pricing and disciplined capacity management can offset mixed recycling and fuel inputs. The bullish camp highlights the breadth of the core collection franchise and the consistency of landfill cash generation as underpinning confidence in both near-term earnings delivery and guidance integrity through the year.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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