Advanced Drainage Systems (WMS) Q3 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
- $1.88
- Estimate
- $1.79
- Surprise
- +5.2%
- Revenue (period 2026-09-30)
- $889.4M
- Score today
- 6.2/10
Revenue source: xbrl.
How the report landed
Advanced Drainage Systems (WMS) beat the $1.79 estimate with adjusted EPS of $1.88 — a clear 5.2% upside surprise.
Coverage in the report window
- Barclays Maintains Overweight on Advanced Drainage Systems, Lowers Price Target to $183 — benzinga, 2026-11-06
- RBC Lowers Price Target on Advanced Drainage Systems to $163 From $170 — fiscal.ai, 2026-11-06
Where TrendMatrix's rating stands now
TrendMatrix currently rates WMS Hold at 6.2/10; no pre/post engine snapshot brackets this report.
4 of the last 4 quarters beat the estimate; this quarter's +5.2% surprise compares with a +12.2% four-quarter average.
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
- $122.63
- Price target
- $158.10
- Stop
- $115.94
- Upside to target
- +28.9%
- Reward-to-risk
- 3.3:1
The stock trades at 21.7× trailing but 16.7× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-11-06 — 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
- $9.25B
- P/E (fwd)
- 16.7
- P/E (ttm)
- 21.7
- 52-week range
- $122.84–$179.31
- Off 52-week high
- 31.6%
- RSI (14)
- 45
- Volume vs avg
- 0.42×
- Score today
- 6.2/10