West Pharmaceutical Services Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.10-25

West Pharmaceutical Services (NYSE:WST) Third Quarter 2024 Results Key Financial Results Revenue: US$746.9m (flat on 3Q 2023). Net income: US$136.0m (down 16% from 3Q 2023). Profit margin: 18% (down ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 5.3%. Earnings per share  also surpassed analyst estimates by 27%.Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Life Sciences industry in the US.The company's shares are up 15% from a week ago.Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on West Pharmaceutical Services' balance sheet.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WST":"West Pharmaceutical Services Inc"},"translate_title":"West Pharmaceutical Services 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WST":1},"content_text":"West Pharmaceutical Services (NYSE:WST) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$746.9m (flat on 3Q 2023).\nNet income: US$136.0m (down 16% from 3Q 2023).\nProfit margin: 18% (down from 22% in 3Q 2023).\nEPS: US$1.87 (down from US$2.17 in 3Q 2023).\n\n\n\n\n  NYSE:WST Earnings and Revenue Growth October 25th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nWest Pharmaceutical Services Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 27%. \n Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Life Sciences industry in the US. \nPerformance of the American Life Sciences industry.\n The company's shares are up 15% from a week ago. \nBalance Sheet Analysis\n Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on West Pharmaceutical Services' balance sheet. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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