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Waters (WAT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2023, Waters (WAT - Free Report) reported revenue of $740.58 million, up 3.7% over the same period last year. EPS came in at $2.80, compared to $2.75 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $733.51 million, representing a surprise of +0.96%. The company delivered an EPS surprise of +8.11%, with the consensus EPS estimate being $2.59.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Waters performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- TA Division: $87.34 million compared to the $82.69 million average estimate based on three analysts. The reported number represents a change of +10.3% year over year.
Net Sales- Water Division: $653.24 million versus the three-analyst average estimate of $649.33 million. The reported number represents a year-over-year change of +2.9%.
Net sales-Markets-Industrial: $229.66 million compared to the $221.04 million average estimate based on two analysts. The reported number represents a change of +10.1% year over year.
Net Sales-Markets-Academic & Government: $84.18 million versus $77.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +22.7% change.
Net Sales-Markets-Pharmaceutical: $426.74 million versus $434.03 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.4% change.
Shares of Waters have returned +3.6% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Waters (WAT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2023, Waters (WAT - Free Report) reported revenue of $740.58 million, up 3.7% over the same period last year. EPS came in at $2.80, compared to $2.75 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $733.51 million, representing a surprise of +0.96%. The company delivered an EPS surprise of +8.11%, with the consensus EPS estimate being $2.59.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Waters performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- TA Division: $87.34 million compared to the $82.69 million average estimate based on three analysts. The reported number represents a change of +10.3% year over year.
- Net Sales- Water Division: $653.24 million versus the three-analyst average estimate of $649.33 million. The reported number represents a year-over-year change of +2.9%.
- Net sales-Markets-Industrial: $229.66 million compared to the $221.04 million average estimate based on two analysts. The reported number represents a change of +10.1% year over year.
- Net Sales-Markets-Academic & Government: $84.18 million versus $77.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +22.7% change.
- Net Sales-Markets-Pharmaceutical: $426.74 million versus $434.03 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.4% change.
View all Key Company Metrics for Waters here>>>Shares of Waters have returned +3.6% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.