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
Key numbers
- Reported 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 diluted 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 6.4/10.
4 of the last 4 quarters beat the estimate; this quarter's +17.4% surprise compares with a +15.8% 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)
- Strong earnings beat streak (4/4)
What argues against it
- Concentration risk — Product: Stormwater (78.6%)
- Sector modifier (Industrials): -0.7
- Negative momentum
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
- $134.83
- Price target
- $160.01
- Stop
- $126.45
- Upside to target
- +18.7%
- Reward-to-risk
- 3.0:1
The stock trades at 22.3× trailing but 17.9× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 26 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — 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
- $10.00B
- P/E (fwd)
- 17.9
- P/E (ttm)
- 22.3
- 52-week range
- $128.03–$179.31
- Off 52-week high
- 24.8%
- RSI (14)
- 26
- Volume vs avg
- 0.83×
- Score today
- 6.4/10