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Waters (WAT) Down 3.9% Since Last Earnings Report: Can It Rebound?
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It has been about a month since the last earnings report for Waters (WAT - Free Report) . Shares have lost about 3.9% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Waters due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -10.2% due to these changes.
VGM Scores
Currently, Waters has an average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. Following the exact same course, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Waters has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Waters is part of the Zacks Medical - Instruments industry. Over the past month, Steris (STE - Free Report) , a stock from the same industry, has gained 1.5%. The company reported its results for the quarter ended December 2024 more than a month ago.
Steris reported revenues of $1.37 billion in the last reported quarter, representing a year-over-year change of -1.8%. EPS of $2.32 for the same period compares with $2.22 a year ago.
For the current quarter, Steris is expected to post earnings of $2.58 per share, indicating a change of +7.1% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.1% over the last 30 days.
Steris has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.
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Waters (WAT) Down 3.9% Since Last Earnings Report: Can It Rebound?
It has been about a month since the last earnings report for Waters (WAT - Free Report) . Shares have lost about 3.9% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Waters due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -10.2% due to these changes.
VGM Scores
Currently, Waters has an average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. Following the exact same course, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Waters has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Waters is part of the Zacks Medical - Instruments industry. Over the past month, Steris (STE - Free Report) , a stock from the same industry, has gained 1.5%. The company reported its results for the quarter ended December 2024 more than a month ago.
Steris reported revenues of $1.37 billion in the last reported quarter, representing a year-over-year change of -1.8%. EPS of $2.32 for the same period compares with $2.22 a year ago.
For the current quarter, Steris is expected to post earnings of $2.58 per share, indicating a change of +7.1% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.1% over the last 30 days.
Steris has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.