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Waste Management Q3 shows solid growth despite earnings miss; stock held at 29x forward earnings with buy on dips.

Company Fundamentals
09 Nov 2026, 15:30 WIB
Seeking Alpha
View Source
Neutral
Waste Management Q3 shows solid growth despite earnings miss; stock held at 29x forward earnings with buy on dips.

Waste Management reported Q3 results with 6.3% revenue growth and nearly 9% EPS growth, despite narrowly missing earnings estimates and facing volume declines due to inflation. The company maintains strong free cash flow, shareholder returns, and a disciplined balance sheet, supporting its long-term investment appeal. The stock trades at 29 times forward earnings, with a recommendation to hold and consider buying on pullbacks near $200. Key risks include valuation concerns, ongoing cost pressures, and potential volume weakness, with close monitoring of collection volumes and energy prices.

Following the report on Waste Management's Q3 results and strategic outlook, the stock is trading slightly up by 0.22% at USD 236.77 on Pluang as of Nov 09, 2026 20:41 WIB. This price is comfortably above its 52-week low of USD 200.48 but below its 52-week high of USD 246.51. Investors on Pluang typically hold WM shares for about 134 days, with a dividend yield of 1.6%.

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