Advanced Drainage Systems (WMS) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $2.49
- Estimate
- $2.12
- Surprise
- +17.4%
- Revenue (period 2026-06-30)
- $1.00B
- Score at report (before → after)
- 5.9 → 5.7/10
Revenue source: xbrl.
How the report landed
Advanced Drainage Systems (WMS) beat the $2.12 estimate with adjusted EPS of $2.49 — a large 17.4% upside surprise. TrendMatrix's engine moved from Hold (5.9/10) to Buy (Wait) at 5.7/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates WMS Hold at 6.5/10.
4 of the last 4 quarters beat the estimate; this quarter's +17.4% surprise compares with a +16.1% four-quarter average. Next scheduled report: 2026-11-05.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.3 in RISK_OFF)
- High-quality business
What argues against it
- Concentration risk — Product: Stormwater (78.6%)
- Sector modifier (Industrials): -0.7
- Below 200-MA, MA slope -2.1%/30d (confirmed downtrend)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $136.00
- Price target
- $158.10
- Stop
- $128.68
- Upside to target
- +16.2%
- Reward-to-risk
- 1.7:1
The stock trades at 23.7× trailing but 18.9× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 73 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-11-03 — shown for context, not personalized investment advice.
WMS at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Building Products & Equipment
- Market cap
- $10.48B
- P/E (fwd)
- 18.9
- P/E (ttm)
- 23.7
- 52-week range
- $122.84–$179.31
- Off 52-week high
- 24.2%
- RSI (14)
- 73
- Volume vs avg
- 0.82×
- Score today
- 6.5/10