Latest news with #WasteManagement
Yahoo
39 minutes ago
- Business
- Yahoo
Waste Management (WM) Exceeds Market Returns: Some Facts to Consider
Waste Management (WM) closed at $230.61 in the latest trading session, marking a +1.09% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.07%. Elsewhere, the Dow saw a downswing of 0.7%, while the tech-heavy Nasdaq appreciated by 0.18%. The stock of garbage and recycling hauler has fallen by 0.2% in the past month, lagging the Business Services sector's gain of 1.45% and the S&P 500's gain of 5.71%. The upcoming earnings release of Waste Management will be of great interest to investors. The company's earnings report is expected on July 28, 2025. The company's upcoming EPS is projected at $1.89, signifying a 3.85% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $6.34 billion, showing a 17.4% escalation compared to the year-ago quarter. WM's full-year Zacks Consensus Estimates are calling for earnings of $7.57 per share and revenue of $25.53 billion. These results would represent year-over-year changes of +4.7% and +15.73%, respectively. It is also important to note the recent changes to analyst estimates for Waste Management. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.11% fall in the Zacks Consensus EPS estimate. Waste Management is holding a Zacks Rank of #3 (Hold) right now. Looking at valuation, Waste Management is presently trading at a Forward P/E ratio of 30.13. This indicates a premium in contrast to its industry's Forward P/E of 27.94. Meanwhile, WM's PEG ratio is currently 2.83. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. WM's industry had an average PEG ratio of 2.59 as of yesterday's close. The Waste Removal Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 158, putting it in the bottom 37% of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Waste Management, Inc. (WM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
a day ago
- General
- CBS News
Manhattan Project radioactive waste is not coming to Michigan, Wayne County officials say
Radioactive soil from New York that was expected to come to Metro Detroit has been blocked, Wayne County officials say. In a statement on July 23, County Executive Warren Evans says the waste will be shipped to another state, but did not say where exactly the shipment will go. "Wayne County was the original destination for that toxic material before Judge Kevin Cox of the Wayne County Circuit Court granted a temporary restraining order, which was sparked by strenuous community pushback," Evans said. "This pushback molded a collaborative effort involving citizens, communities and government entities that resulted in a successful lawsuit. Although I certainly do not envy the community that will receive this waste, it was my job to fight for the people of Wayne County and that's what I did to the best of my ability." The U.S. Army Corps of Engineers was managing the removal of low-level radioactive soil from Lewiston, New York, a legacy of the Manhattan Project, the secret government project to develop atomic bombs during World War II that was featured in the 2023 movie "Oppenheimer." In August 2024, it was announced that the waste was coming to Wayne County, prompting community members to file a lawsuit. A month later, Canton Township, Van Buren Township, Romulus and Belleville were awarded an injunction against Wayne Disposal for accepting the waste. At the time, elected officials, including two members of Congress, claimed that they were left in the dark about plans to bring the shipment of World War II-era radioactive soil to Michigan. It was not the first time waste was set to come to Michigan. In February 2023, officials halted a shipment of toxic waste that was set to come to Wayne County from East Palestine, Ohio, after a train derailment. Evans said then that the county was unaware of any waste coming to the area. Note: The video above previously aired on Sept. 18, 2024.
Malaysian Reserve
a day ago
- Automotive
- Malaysian Reserve
CITY Furniture's 4th Annual Green Summit Brings Together NASCAR, Local Changemakers, and Clean Energy Champions
TAMARAC, Fla., July 23, 2025 /PRNewswire/ — CITY Furniture hosted its 4th Annual Green Summit at its Tamarac headquarters, uniting community leaders, sustainability advocates, and national brands for a day focused on real-world environmental solutions for South Florida. The event featured interactive sessions, hands-on learning, and bold conversations around waste reduction, clean energy, and resilience. Attendees took part in building kits to support community resilience with Habitat for Humanity, explored the future of recycling with Waste Management, and experienced sustainable product innovations from partners like Avocado Mattress and Bedgear. A highlight of the Summit was the keynote address by Guillermo Santa Cruz, President of Homestead-Miami Speedway, who shared NASCAR's vision for a greener future. Guests also took part in guided discussion, led by Silva Garrigo of the University of Miami Herbert Business School, who encouraged participants to reflect on their organization's environmental path and find collaborative ways forward. In addition, guests received a behind-the-scenes tour of CITY's award-winning fleet and participated in a sustainability showcase spotlighting eco-conscious vendors and partners. CITY Furniture CEO Andrew Koenig emphasized the company's deep commitment to environmental progress and clean energy innovation. 'As we continue expanding across Florida, our 2040 Green Promise remains at the heart of everything we do,' said Koenig. 'We've made long-term investments in sustainability and couldn't do it alone. Through our participation in FPL's SolarTogether program, more than 70 percent of CITY's total energy use comes from solar. This allows us to scale our environmental impact as we grow.' In addition to clean energy, CITY has been increasing access to sustainable transportation by installing more EV charging stations at showrooms across the state. 'Clean energy powers our day-to-day business, and we're proud of that,' Koenig added. 'We hope other companies see what's possible and feel empowered to take action. Because clean energy is not a competition, it's a movement. And there's room for everyone.' As part of the day's celebration, CITY also recognized sustainability leaders making a powerful impact across the region. The company proudly presented Florida Power & Light Company (FPL) with the Sustainable Vendor of the Year Award, Waste Management with the Sustainable Excellence Award for Community Leadership, and honored Monica Cepero as CITY's Municipal Leader in Sustainable Practices. The annual Green Summit reflects CITY Furniture's belief that sustainability starts with partnership. By bringing together community organizations, national brands, and local businesses, the company continues to inspire collaboration and leadership on the path to a greener future. ABOUT CITY FURNITURE:CITY Furniture, a South-Florida-based, family-owned American furniture and mattress retailer and fine upholstery manufacturer and one of America's Top 20 furniture retailers, operates over 24 showrooms from Miami through Vero Beach, and in Southwest and Central Florida, as well as fourteen Ashley Home Store showrooms as the brand's Southeast and Southwest Florida licensee. For more information, please visit:
Yahoo
3 days ago
- Business
- Yahoo
Waste Connections (WCN) Q2 Earnings Report Preview: What To Look For
Waste management company Waste Connections (NYSE:WCN) will be reporting earnings this Wednesday after market hours. Here's what to look for. Waste Connections met analysts' revenue expectations last quarter, reporting revenues of $2.23 billion, up 7.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' organic revenue estimates and a solid beat of analysts' adjusted operating income estimates. Is Waste Connections a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Waste Connections's revenue to grow 6.4% year on year to $2.39 billion, slowing from the 11.2% increase it recorded in the same quarter last year. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Waste Connections has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 0.7% on average. With Waste Connections being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for environmental and facilities services stocks. However, there has been positive investor sentiment in the segment, with share prices up 5.9% on average over the last month. Waste Connections is down 3% during the same time. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
CBC
3 days ago
- Business
- CBC
Sudbury, Ont., commercial waste workers hit the picket lines over pay concerns
Workers in Sudbury's commercial waste division walked off the job Friday as part of a strike over wages. The 25 members of the Labourers' International Union of North America (LiUNA) Local 493 say Waste Management's pay hasn't kept up with the rising cost of living, and they're seeking increases to bring them in line with workers in other Ontario cities. While waste collection services for businesses and apartment buildings are affected, residential garbage and recycling pickup continues uninterrupted. That work is handled by a separate division represented by a different union. "The main issue right now is monetary concerns," said Mike Ryan, business manager for Local 493. Ryan said workers are especially frustrated given the cost-of-living increases seen during and after the COVID-19 pandemic. "They're not even maintaining anymore with the price of everything," he said. "They have to work more overtime just to maintain what they had pre-COVID." He added that members are also seeking wage parity with Waste Management employees in cities like Toronto, Hamilton, Kitchener, and Waterloo, arguing that Sudbury is among the company's most profitable operations in the province. 'Respect our picket line' While Waste Management has brought in managers and workers from outside the region to continue servicing commercial clients, Ryan warned that service quality may suffer. "There is going to be some slowdown in service," he said. "The members that we represent in the unit are very highly professional." Picketers were seen Monday blocking a Waste Management truck from entering the facility. "There's no legislation at this level that would prevent the employer from bringing in whatever you want to call them, replacement workers or scabs," he said. "So what our members are doing right now is pleading with those people — saying, 'we're on strike here for causes reasons and please respect our picket line.'" Ryan said Waste Management presented what they considered a fair and equitable final offer, but when the membership held a ratification vote, it was overwhelmingly rejected. In a statement to CBC News, Waste Management spokesperson Jessica Kropf confirmed the strike and said the company remains committed to negotiating in good faith. "We believe our proposals are fair and competitive," she said. "We are eager to reach an agreement with LiUNA Local 493 that recognizes the drivers' and technicians' many contributions to the company and community." She added that no disruptions to commercial service are expected and the company is working closely with affected clients. The City of Greater Sudbury said it does not comment on the operations of private companies but confirmed that residential waste collection is not impacted by the strike. Currently, the next meeting is open-ended, Ryan said he's ready to return to the bargaining table if Waste Management initiates contact and shows willingness to address the workers' concerns.
