Waste Management Inc
WM: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$433.00 | Lsbww | Jkjkttmgc |
Waste Management Earnings: Core Business Remains Resilient Despite Near-Term Commodity Headwinds
Wide-moat Waste Management delivered second-quarter results slightly below our expectations as commodity pricing within the renewables business was worse than anticipated. Nevertheless, we raised our fair value estimate about 3% to $149 per share due to our revised expectations for lower future selling, general, and administrative spending, as well as the time value of money.