Waters Corp Reiterated FY24 Revenue Growth of 0.0%-2.0% YoY Vs $2.98B Est, Adj EPS of $11.75-$12.05 Vs $11.89 Est
Portfolio Pulse from Benzinga Newsdesk
Waters Corp (WAT) has reiterated its FY24 financial guidance, expecting revenue growth of 0.0%-2.0% YoY against a $2.98B estimate and an adjusted EPS of $11.75-$12.05 versus an $11.89 estimate. The guidance includes impacts from currency translation, the Wyatt acquisition, and an estimated 2% headwind from unfavorable foreign exchange.
May 07, 2024 | 11:13 am
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Waters Corp expects FY24 revenue growth of 0.0%-2.0% and adjusted EPS of $11.75-$12.05, considering currency translation effects and the Wyatt acquisition.
The reiterated financial guidance by Waters Corp reflects a stable outlook, with revenue growth and EPS estimates closely aligned with market expectations. The inclusion of the Wyatt acquisition's positive impact and the slight negative effect of currency translation suggest a balanced view on the company's performance. The neutral score indicates that while the guidance is positive, the impacts of currency translation and the specific mention of a 2% headwind from unfavorable foreign exchange could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100