WM Announces Fourth Quarter and Full-Year 2021 Earnings

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Waste Management (WM) PT Lowered to $174 at BMO Capital

February 3, 2022 7:37 AM EST

BMO Capital analyst Jeffrey Silber lowered the price target on Waste Management (NYSE: WM) to $174.00 (from $179.00) while maintaining a Outperform rating.

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Waste Management (WM) Reports In-Line Q4 EPS

February 2, 2022 7:13 AM EST

Waste Management (NYSE: WM) reported Q4 EPS of $1.26, in-line with the analyst estimate of $1.26. Revenue for the quarter came in at $4.68 billion versus the consensus estimate of $4.62 billion.

2022 OUTLOOK:

Revenue GrowthTotal Company revenue growth is expected to be 5.8% to 6.2%, which includes organic revenue growth from the collection and disposal business of approximately 6%. The Companys disciplined pricing programs are expected to result in core price of more than 5.5%, yield approaching 4%, and volume of approximately 2%.Market prices for recycling commodities are expected to average $125 per ton in 2022, an... More