Waste Management Inc

WM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$557.00	Fpjpj	Kjvhbmzpb

Waste Management Earnings: Core Business Remains Resilient Despite Near-Term Commodity Headwinds

Brian Bernard ,

Jul 27, 2023

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.

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