Waters Corp (NYSE: WAT) has reported earnings for its first fiscal quarter (ending March 31) of $1.73 versus $2.39 for the same period a year ago — a decline of -28%. This result fell short of the consensus estimate of $2.38 by $-0.64. For the latest four quarters through March 31, E.P.S. were $10.23 versus $11.57 for the same period a year ago — a decline of -12%.
Recent Price Action
Waters Corp (NYSE: WAT) stock increased 1.9% on 5/7/24. The shares closed at $326.06. Moreover, this advance was accompanied by exceptionally high trading volume at 233% of normal. The stock has been strong relative to the market over the last nine months and has risen 3.5% during the last week.
Current PriceTarget Research Rating
WAT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Waters has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Waters has a neutral Appreciation Score of 46 but a good Power Rating of 76, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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