Waters Corp WAT.N reported quarterly adjusted earnings of $2.95 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $2.63. The mean expectation of seventeen analysts for the quarter was for earnings of $2.94 per share. Wall Street expected results to range from $2.89 to $3.10 per share.
Revenue rose 8.9% to $771.33 million from a year ago; analysts expected $748.65 million.
Waters Corp's reported EPS for the quarter was $2.47.
The company reported quarterly net income of $147.11 million.
Waters Corp shares had fallen by 16.8% this quarter and lost 21.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 0.5% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the advanced medical equipment & technology peer group is also "buy"
Wall Street's median 12-month price target for Waters Corp is $368.21, about 21.2% above its last closing price of $290.31
This summary was machine generated from LSEG data August 4 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)