Waste Management beat revenue but missed on EPS and EBITDA, and the stock's negative reaction says margin expansion is already priced. $WM posted $6.85B sales, up 6.3%, adjusted EPS $2.15 vs $2.18 exp

What happened: Waste Management (NYSE:WM) reported Q3 2026 revenue of $6.85 billion, beating estimates, while adjusted EPS of $2.15 missed consensus. The stock saw a negative market reaction. Key numbers: Revenue $6.85 billion vs $6.81 billion expected, up 6.3% year on year. Why it matters: Management pointed to pricing discipline and cost reductions for the quarter's resilience, while higher risk management costs and volume softness in residential and commercial segments weighed on profitability. The outlook rests on pricing discipline, automation, and healthcare integration. Market: +1.1% today ($233.45), +7.8% YTD, 1.0x vol — as of 22:46 UTC

Waste Management (NYSE:WM) reported Q3 2026 revenue of $6.85 billion, beating estimates, while adjusted EPS of $2.15 missed consensus. The stock saw a negative market reaction.

Management pointed to pricing discipline and cost reductions for the quarter's resilience, while higher risk management costs and volume softness in residential and commercial segments weighed on profitability. The outlook rests on pricing discipline, automation, and healthcare integration. Market: +1.1% today ($233.45), +7.8% YTD, 1.0x vol — as of 22:46 UTC