Waters Lowers FY24 Outlook: Adj EPS From $11.75-12.05 to $1.55-$11.65 vs $11.78 Estimate; Sales Growth Outlook To -2.2% to -0.7% vs $2.96B Estimate
Portfolio Pulse from Benzinga Newsdesk
Waters Corporation has lowered its financial outlook for FY24, adjusting its EPS and sales growth estimates downward. The company now expects adjusted EPS to be between $1.55 and $11.65, and sales growth to range from -2.2% to -0.7%.
July 31, 2024 | 10:54 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Waters Corporation has revised its FY24 financial guidance downward, with adjusted EPS now expected to be between $1.55 and $11.65, and sales growth ranging from -2.2% to -0.7%. This adjustment reflects lower-than-expected performance and currency translation impacts.
The downward revision in both EPS and sales growth indicates weaker-than-expected performance, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100