These Analysts Revise Their Forecasts On Waters After Q2 Results
Portfolio Pulse from Avi Kapoor
Waters Corporation (NYSE:WAT) reported strong Q2 earnings, beating analyst estimates, but lowered its FY24 outlook. Analysts have revised their price targets and ratings for the stock.
August 01, 2024 | 6:24 pm
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Waters Corporation reported Q2 earnings of $2.63 per share, beating the consensus estimate of $2.56. However, the company lowered its FY24 outlook, expecting adjusted earnings of $11.55 to $11.65 per share and sales growth of -2.2% to -0.7%. Analysts have revised their ratings and price targets, with mixed views.
While Waters Corporation reported better-than-expected Q2 earnings, the lowered FY24 outlook has led to mixed analyst reactions. This creates a neutral short-term impact as positive earnings are offset by a cautious future outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100