Waters Corp Expects Q1 Organic Constant Currency Sales Growth Of -11% To -9%, Reported Sales Growth Of -8.5% To -6.5%; Adj EPS Of $2.05-$2.15 (Est $2.39)
Portfolio Pulse from Benzinga Newsdesk
Waters Corp (WAT) forecasts a decline in Q1 organic constant currency sales growth between -11% to -9% and reported sales growth between -8.5% to -6.5%. The company also anticipates adjusted EPS to be in the range of $2.05-$2.15, which is below the estimated $2.39.
February 06, 2024 | 11:55 am
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NEGATIVE IMPACT
Waters Corp expects a significant decline in Q1 sales and adjusted EPS below market estimates.
The anticipated decline in both organic constant currency sales growth and reported sales growth, coupled with an adjusted EPS that falls short of market expectations, is likely to negatively impact investor sentiment and the stock price of Waters Corp in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100