Movement Alert｜Waste Management falls 4.31% in Regular Trading, earnings miss and muted revenue outlook weigh on shares

Market Focus10-28

On October 28, Waste Management fell 4.31% in Regular Trading, trading at $226.31 per share, with turnover of $40.1701 million.

The move followed the company’s latest quarterly release, which showed adjusted third-quarter EPS of $2.15, up from $1.98 a year earlier but below the $2.18 market expectation, while revenue rose to $6.85 billion from $6.44 billion and slightly topped the $6.81 billion consensus.

Management also said full-year revenue is expected at the high end of its prior $26.275 billion to $26.475 billion range. Even so, that outlook remained below the $26.55 billion expectation cited in earlier market coverage, reinforcing concerns that profit delivery and forward growth were not strong enough to support the stock despite continued year-over-year expansion. A brokerage also raised its price target to $250 from $245 while maintaining a Neutral rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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