Waters Corp Revises FY24 Reported Sales Growth To -0.8% To -0.2% (Prior View -2.2% To -0.7%), Adj EPS Forecast From $11.55 - $11.65 To $11.67 - $11.87 (Est $11.60)
Portfolio Pulse from Benzinga Newsdesk
Waters Corp has revised its FY24 sales growth and adjusted EPS forecasts. The company now expects reported sales growth between -0.8% and -0.2%, an improvement from the previous forecast. Adjusted EPS is projected to be between $11.67 and $11.87, higher than the prior estimate. The Wyatt transaction has contributed positively to sales.
November 01, 2024 | 10:15 am
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Waters Corp has improved its FY24 sales growth and adjusted EPS forecasts. The company now expects reported sales growth between -0.8% and -0.2%, and adjusted EPS between $11.67 and $11.87, surpassing previous estimates. The Wyatt transaction has positively impacted sales.
The revision of sales growth and EPS forecasts to more favorable figures suggests a positive outlook for Waters Corp. The contribution from the Wyatt transaction further supports this positive sentiment, likely leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100