Waters Corporation Earnings Expectations and Analyst Insights
Waters Corporation Earnings Release Overview
Waters Corporation (NYSE: WAT) is set to announce its second quarter earnings results shortly. The anticipation surrounding these results reflects the vibrant interest in how the company is navigating its operational landscape.
Analyst Earnings Expectations
Analysts predict that Waters will report earnings of $2.94 per share. This figure indicates an increase from the previous year, where earnings were recorded at $2.63 per share. Furthermore, revenue forecasts suggest that the company will achieve approximately $748.51 million this quarter, compared to $708.53 million for the same quarter last year.
Recent Company Developments
On July 14, Waters Corporation announced a significant strategic agreement to merge with Becton, Dickinson's Biosciences and Diagnostic Solutions business. This move signals Waters' commitment to expanding its influence within the industry.
Current Stock Performance
As of the recent trading session, Waters stock experienced a slight uptick, rising by 0.5% to close at $290.31. Investors are keen to see how this performance might reflect broader market trends amidst the upcoming earnings announcement.
Analyst Ratings and Expectations
Here are some notable insights from analysts regarding Waters Corporation:
- Wells Fargo's Brandon Couillard revised his rating from Overweight to Equal-Weight, adjusting the price target from $420 to $330.
- Derik De Bruin of B of A Securities maintained a Neutral rating, raising the target from $327 to $375.
- UBS analyst Elizabeth Garcia kept a Neutral rating and decreased the price target to $360, down from $415.
- JP Morgan’s Rachel Vatnsdal maintained a Neutral stance, slightly raising the price target from $380 to $390.
- TD Cowen’s Dan Brennan improved the hold rating while increasing the price target from $363 to $410.
Purpose of These Analyst Ratings
Understanding these ratings and movements is essential for potential investors looking at Waters Corporation. Analysts' forecasting provides valuable insights and can guide decision-making as the earnings release nears.
Conclusion: What’s Next for Waters?
The upcoming earnings report for Waters Corporation will not only clarify its financial standing but also reflect how the company is positioning itself strategically within its business sector. Investors, analysts, and market watchers alike will be keenly interested in the details revealed in this report.
Frequently Asked Questions
When will Waters Corporation release its earnings report?
The earnings report is expected to be released before the opening bell on the designated day.
What are analysts predicting for Waters Corporation?
Analysts anticipate earnings of $2.94 per share and revenue around $748.51 million for the quarter.
Who are some key analysts following Waters Corporation?
Key analysts include Brandon Couillard from Wells Fargo, Derik De Bruin from B of A Securities, and others who have shared their insights on the stock.
Has Waters Corporation announced any recent mergers?
Yes, Waters recently agreed to merge with Becton, Dickinson's Biosciences and Diagnostic Solutions business, indicating growth intention.
How has the stock performed recently?
The stock saw a slight increase of 0.5%, closing at $290.31, amidst expected earnings announcements.
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