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Waste Management Inc WM Stock Quote

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Morningstar‘s Stock Analysis WM

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Is it the right time to buy or sell?

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WM's Strong Operating Performance Continues; Company Maintains Full-Year Guidance

Analyst Note

| Brian Bernard, CFA, CPA |

Wide-moat WM reported third-quarter results that were mostly in line with our expectations. Overall, the company delivered strong results, which featured 9% year-over-year revenue growth, 50 basis points of adjusted EBITDA margin expansion to 28.6%, and 24% adjusted EPS growth to $1.56. Management maintained its full-year guidance for about 10% revenue growth and a 28.1% adjusted EBITDA margin (at the midpoint of guidance). We project that WM will modestly exceed these targets. We’ve increased our fair value estimate by about 1% to $129 per share primarily due to the time value of money since our last update.

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Key Statistics WM

Company Profile WM

Business Description

WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating approximately 260 active landfills and about 340 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.

800 Capitol Street, Suite 3000
Houston, TX, 77002
T +1 713 512-6200
Industry Waste Management
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 48,500

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