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Waste Giant WM Trims Guidance as Commodity Prices, Healthcare Revenues Decline
13 Nov
Summary
- Waste Management's stock down 9.6% in past year, underperforming S&P 500
- Q3 2025 results missed forecasts, with adjusted EPS of $1.98 and revenue of $6.44 billion
- FY 2025 revenue guidance trimmed to $25.28 billion due to weaker recycled commodity prices and softer healthcare revenue
As of November 13, 2025, Waste Management, Inc. (WM), a major provider of comprehensive waste management and environmental solutions across North America and internationally, has seen its stock underperform the broader market over the past 52 weeks. The Houston, Texas-based company's shares have declined 9.6% during this time frame, while the S&P 500 Index has rallied 13.4%.
Moreover, WM's stock is up only marginally on a year-to-date basis, compared to the S&P 500's 15.8% gain. The company's performance has also lagged behind the Industrial Select Sector SPDR Fund's 7.2% rise over the past 52 weeks and 16.5% year-to-date return.
The company's recent Q3 2025 results, reported on October 27, 2025, missed forecasts, with adjusted earnings per share (EPS) of $1.98 and revenue of $6.44 billion. Investors were also disappointed that the company trimmed its total revenue guidance for the fiscal year ending in December 2025 to approximately $25.28 billion, the low end of the prior range, due to weaker recycled commodity prices and softer WM Healthcare Solutions revenue.
Despite the recent challenges, analysts expect Waste Management's adjusted EPS to grow 4.2% year-over-year to $7.53 for the fiscal year. The company's earnings surprise history has been mixed, with it topping the consensus estimates in two of the last four quarters while missing on two other occasions.
