Waste Management (WM) closed the most recent trading day at $166.01, moving +0.48% from the previous trading session. This move lagged the S&P 500's daily gain of 0.75%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq lost 0.01%.Coming into today, shares of the garbage and recycling hauler had gained 4.43% in the past month. In that same time, the Business Services sector gained 4.31%, while the S&P 500 gained 3.49%.Waste Management will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.42, up 12.7% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.98 billion, up 6.56% from the year-ago period.For the full year, our Zacks Consensus Estimates are projecting earnings of $5.70 per share and revenue of $19.75 billion, which would represent changes of +17.77% and +10.13%, respectively, from the prior year.Investors might also notice 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 company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Waste Management is currently sporting a Zacks Rank of #3 (Hold).Valuation is also important, so investors should note that Waste Management has a Forward P/E ratio of 28.97 right now. Its industry sports an average Forward P/E of 23.64, so we one might conclude that Waste Management is trading at a premium comparatively.Investors should also note that WM has a PEG ratio of 2.31 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. WM's industry had an average PEG ratio of 2.31 as of yesterday's close.The Waste Removal Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 40% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Just Released: Zacks Unveils the Top 5 EV Stocks for 2022 For several months now, electric vehicles have been disrupting the $82 billion automotive industry. And that disruption is only getting bigger thanks to sky-high gas prices. Even titans in the financial industry including George Soros, Jeff Bezos, and Ray Dalio have invested in this unstoppable wave. You don't want to be sitting on your hands while EV stocks break out and climb to new highs. In a new free report, Zacks is revealing the top 5 EV stocks for investors. Next year, don't look back on today wishing you had taken advantage of this opportunity.>>Send me my free report revealing the top 5 EV stocksWant 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 ReportTo read this article on Zacks.com click here.Zacks Investment Research