What Happened?

Shares of waste management company Republic Services (NYSE: RSG) fell 4.7% in the afternoon session after the company reported mixed second-quarter results that included a revenue miss and the disclosure of new labor disruptions. 

While the waste management company's adjusted earnings per share of $1.77 topped analyst expectations, its quarterly revenue of $4.24 billion fell short of consensus estimates. Adding to investor concerns, the company also disclosed in a regulatory filing that it began experiencing labor disruptions in certain markets in July, creating uncertainty about their potential financial impact. Despite the revenue headwinds, the company did raise its full-year free cash flow forecast.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Republic Services? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Republic Services’s shares are not very volatile and have only had 2 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

Republic Services is up 16% since the beginning of the year, but at $232.16 per share, it is still trading 10% below its 52-week high of $258.07 from June 2025. Investors who bought $1,000 worth of Republic Services’s shares 5 years ago would now be looking at an investment worth $2,667.

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