Waters Corp (WAT) has been showing
resilience and
growth in its stock performance, with improvements noted against its competitors. Significant investor interest, particularly by Benjamin F. Edwards & Company Inc., and raises in price targets indicate confidence in the company’s outlook. While Q1 2024 earnings aligned with EPS projections despite a sales decline, the company
outperformed estimates in Q3 2024 with an earnings forecast of $2.98 per share. Waters Corp has repeatedly demonstrated an ability to beat earnings and revenue estimates, maintaining a
steady growth trajectory. A notable increase of shareholding witnessed, with an insider increasing their holdings by 856% last year; a possible indicator of the company's potential. Challenges to the market conditions were also evident with a dip in China sales, but Q3 2023 reported a slight sales increase. Recently, the company ceased buybacks leading to some languishing returns. The company also showcased its commitment towards
ESG practices through its 2023 report highlighting the progress towards sustainability. Amidst this, the company is growing its operating segment, a strategic move as shown in collaborations and acquisitions. Waters Corp thus presents a viable investment despite some temporary headwinds.
Waters Corp WAT News Analytics from Wed, 19 May 2021 07:00:00 GMT to Fri, 10 May 2024 11:53:41 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 4
