This story originally appeared on Zacks
In the latest trading session, Waste Management (WM) closed at $161.84, marking a -1.5% move from the previous day. This move was narrower than the S&P 500’s daily loss of 1.94%. Meanwhile, the Dow lost 1.07%, and the Nasdaq, a tech-heavy index, lost 0.39%.
Prior to today’s trading, shares of the garbage and recycling hauler had gained 0.03% over the past month. This has outpaced the Business Services sector’s loss of 8.97% and lagged the S&P 500’s gain of 5.72% in that time.
Waste Management will be looking to display strength as it nears its next earnings release. On that day, Waste Management is projected to report earnings of $1.25 per share, which would represent year-over-year growth of 10.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.57 billion,…