What changed
$WM — WATCHLIST 📊 | 6 MONTHS THESIS
🎯 Q1 2026 | Rev $6.2B | EPS $1.81 vs $1.74 🟢 | Margin 23.4%
💡 Consensus forecasts steady low-single-digit growth, but the market underestimates the durability of margin expansion from automation and renewable natural gas, and the structural improvement in free cash flow as growth capex normalizes—setting the stage for EPS beats and re-rating.
📉 Reward/risk: 2.0:1
🏢 Business Quality: 9/10 - dominant waste collection moat with recurring revenue, scale advantages, and emerging high-margin renewable energy platform.
📊 Valuation: fair — 27x forward P/E, ~14–15x EV/EBITDA, 3.8% FCF yield, and ~5% shareholder yield; quality merits a premium, but the stock is currently in the...
🔮 Catalyst: Q2 2026 earnings release (likely July/August 2026)
💰 Entry: $210, stop $195, target $240
📊 Our read: WATCHLIST. Full analysis →
https://stockduty.xyz/s/WM0611