Waters (WAT - Free Report) reported $636.84 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 7%. EPS of $2.21 for the same period compares to $2.49 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $634.35 million, representing a surprise of +0.39%. The company delivered an EPS surprise of +5.24%, with the consensus EPS estimate being $2.10.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Waters performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Water Division: $561.90 million compared to the $551.13 million average estimate based on two analysts. The reported number represents a change of -6.7% year over year.
- Net Sales- TA Division: $74.94 million versus the two-analyst average estimate of $71.02 million. The reported number represents a year-over-year change of -9.3%.
- Net Sales- Markets- Pharmaceutical: $374.21 million versus $364.73 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.8% change.
- Net Sales- Markets- Industrial: $195.33 million versus the two-analyst average estimate of $195.66 million. The reported number represents a year-over-year change of -6.8%.
- Net Sales- Markets- Academic & Government: $67.30 million versus the two-analyst average estimate of $72.51 million. The reported number represents a year-over-year change of -25.3%.
- Net Sales- Service net sales- TA service: $24.26 million versus the two-analyst average estimate of $23.93 million. The reported number represents a year-over-year change of +1.6%.
- Net Sales- Service sales: $260.69 million versus the two-analyst average estimate of $240.95 million. The reported number represents a year-over-year change of +5%.
- Net Sales- Product Net Sales- Waters instrument systems: $191.26 million versus the two-analyst average estimate of $206.29 million. The reported number represents a year-over-year change of -21.7%.
- Net Sales- Product Net Sales- Chemistry consumables: $134.21 million compared to the $127.81 million average estimate based on two analysts. The reported number represents a change of +0.5% year over year.
- Net Sales- Product Net Sales- TA instrument systems: $50.69 million versus the two-analyst average estimate of $47.10 million. The reported number represents a year-over-year change of -13.7%.
- Net Sales- Service net sales- Waters service: $236.43 million versus $217.03 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.
- Net Sales- Product sales: $376.15 million versus $381.19 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -13.8% change.
View all Key Company Metrics for Waters here>>>Shares of Waters have returned -5.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Waters (WAT - Free Report) reported $636.84 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 7%. EPS of $2.21 for the same period compares to $2.49 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $634.35 million, representing a surprise of +0.39%. The company delivered an EPS surprise of +5.24%, with the consensus EPS estimate being $2.10.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Waters performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Water Division: $561.90 million compared to the $551.13 million average estimate based on two analysts. The reported number represents a change of -6.7% year over year.
- Net Sales- TA Division: $74.94 million versus the two-analyst average estimate of $71.02 million. The reported number represents a year-over-year change of -9.3%.
- Net Sales- Markets- Pharmaceutical: $374.21 million versus $364.73 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.8% change.
- Net Sales- Markets- Industrial: $195.33 million versus the two-analyst average estimate of $195.66 million. The reported number represents a year-over-year change of -6.8%.
- Net Sales- Markets- Academic & Government: $67.30 million versus the two-analyst average estimate of $72.51 million. The reported number represents a year-over-year change of -25.3%.
- Net Sales- Service net sales- TA service: $24.26 million versus the two-analyst average estimate of $23.93 million. The reported number represents a year-over-year change of +1.6%.
- Net Sales- Service sales: $260.69 million versus the two-analyst average estimate of $240.95 million. The reported number represents a year-over-year change of +5%.
- Net Sales- Product Net Sales- Waters instrument systems: $191.26 million versus the two-analyst average estimate of $206.29 million. The reported number represents a year-over-year change of -21.7%.
- Net Sales- Product Net Sales- Chemistry consumables: $134.21 million compared to the $127.81 million average estimate based on two analysts. The reported number represents a change of +0.5% year over year.
- Net Sales- Product Net Sales- TA instrument systems: $50.69 million versus the two-analyst average estimate of $47.10 million. The reported number represents a year-over-year change of -13.7%.
- Net Sales- Service net sales- Waters service: $236.43 million versus $217.03 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.
- Net Sales- Product sales: $376.15 million versus $381.19 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -13.8% change.
View all Key Company Metrics for Waters here>>>Shares of Waters have returned -5.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
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