Waste Management, Inc. · WM · Next earnings

Waste Management, Inc. reports Wednesday, Jan 27, 2027

WM reports after market close with consensus EPS at $2.06 and revenue at $6.71B. Last quarter: WM reaffirms guidance as technology and pricing support margins

Reports After market close83 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $2.06 Calendar consensus
Consensus revenue $6.71B Calendar consensus
Report date Jan 27, 2027 Wednesday, date estimated
Session After market close 83 days away

Where WM left off: FY2026 Q3

Full report

WM reaffirms guidance as technology and pricing support margins

EPS surprise -1.4% Reported $2.15 vs $2.18
Revenue surprise +0.5% Reported $6.85B vs $6.81B
Stock move -3.2% Event window
Subsequent drift 0.0% Up to 20 sessions

Maintained. Management reaffirmed full-year guidance at the high end of its ranges.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Fuel costs and diesel-price volatility can pressure margins and surcharge recovery.
  • Risk-management costs, including actuarial adjustments and large loss claims, remain a headwind.
  • Residential and commercial volume declines could weigh on the outlook.
  • California landfill-monitoring legislation and potential PFAS rules could increase operating costs.
  • CEO succession adds a transition item for investors to monitor.

Questions analysts left open

  • The Q4 EBITDA margin guidance range and risk of performance toward its lower end.
  • The size and persistence of the $63 million risk-cost headwind.
  • Residential shedding and commercial broker losses.
  • Fuel-price assumptions for Q4 and 2027.
  • Potential regulatory effects on landfill operating costs and PFAS compliance.

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Recent WM quarters

All WM earnings
-3.2%FY2026 Q3-1.2%FY2026 Q2+1.3%FY2026 Q1-3.7%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.