Waters Stock Gains on Earnings & Sales Beat in Q3, Raised View

Zacks11-05

Waters Corporation WAT has reported third-quarter 2024 non-GAAP earnings of $2.93 per share, beating the Zacks Consensus Estimate by 9.33%. The company had registered earnings of $2.84 in the year-ago...

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The company had registered earnings of $2.84 in the year-ago...</p>\n\n<a href=\"https://finance.yahoo.com/news/waters-stock-gains-earnings-sales-173800961.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Waters Stock Gains on Earnings & Sales Beat in Q3, Raised View</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWaters Stock Gains on Earnings & Sales Beat in Q3, Raised View\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-05 01:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/waters-stock-gains-earnings-sales-173800961.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Waters Corporation WAT has reported third-quarter 2024 non-GAAP earnings of $2.93 per share, beating the Zacks Consensus Estimate by 9.33%. The company had registered earnings of $2.84 in the year-ago...</p>\n\n<a href=\"https://finance.yahoo.com/news/waters-stock-gains-earnings-sales-173800961.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WAT","symbol_name":"沃特世","start_time":0,"source_url":"https://finance.yahoo.com/news/waters-stock-gains-earnings-sales-173800961.html","article_id":"2481155525","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/2osTdaZSHf_5LJmwZzjWtw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/32e3eb8c0cc46c163964cde251fb4426"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481155525","pubTimestamp":1730741880,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Waters Corporation WAT has reported third-quarter 2024 non-GAAP earnings of $2.93 per share, beating the Zacks Consensus Estimate by 9.33%. The company had registered earnings of $2.84 in the year-ago quarter, decreasing 3.2% on a year-over-year basis.Net sales of $740.3 million topped the Zacks Consensus Estimate of $711.7 million. The figure increased 4% on a reported and a constant-currency basis from the year-ago quarter’s readings.Waters saw a strong third quarter, with sales exceeding the high end of its guidance range. Growth returned across all three major regions — Asia, Americas and Europe — driven by robust demand in the Pharma and Industrial markets.Liquid chromatography sales rebounded, marking growth in these key end markets.In the third quarter, non-GAAP selling and administrative expenses were $166 million, up 6.6% year over year. As a percentage of net sales, the figure expanded 50 basis points  on a year-over-year basis.Research and development spending of $44.7 milli","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WAT":"沃特世"},"translate_title":"沃特世股票因第三季度盈利和销售额好于预期而上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WAT":1},"content_text":"Waters Corporation WAT has reported third-quarter 2024 non-GAAP earnings of $2.93 per share, beating the Zacks Consensus Estimate by 9.33%. The company had registered earnings of $2.84 in the year-ago quarter, decreasing 3.2% on a year-over-year basis.Net sales of $740.3 million topped the Zacks Consensus Estimate of $711.7 million. The figure increased 4% on a reported and a constant-currency basis from the year-ago quarter’s readings.Waters saw a strong third quarter, with sales exceeding the high end of its guidance range. Growth returned across all three major regions — Asia, Americas and Europe — driven by robust demand in the Pharma and Industrial markets.Liquid chromatography sales rebounded, marking growth in these key end markets.\n\nWaters Corporation Price, Consensus and EPS Surprise\n  \nWaters Corporation price-consensus-eps-surprise-chart | Waters Corporation Quote\n\nWAT’s Top Line in Detail\nWaters’ net sales figure can be categorized in four ways:Operating Segment: WAT operates under two organized segments — Waters and TA.The Waters segment (88.6% of net sales) generated sales worth $655.7 million, up 4.2% year over year. Sales in the TA segment were $84.7 million (11.4%), reflecting 2.8% year-over-year growth.Products & Services: The division comprises three segments —Instruments, Services and Chemistry.Instruments sales (43.6% of net sales) were $323.1 million, increasing 1.1% on a year-over-year basis.Services sales (37.6% of net sales) worth $278.3 million, climbing 5.6% year over year.Chemistry sales (18.8% of net sales) were $138.9 million, growing 8% year over year.The Services and Chemistry segments jointly generated recurring revenues of $417.2 million, up 6.4% year over year.Markets: Waters serves three end markets — Pharmaceutical, Industrial, and Governmental & Academic.The Pharmaceutical market (58.1% of net sales) generated sales of $430.1 million, which increased 2% on a year-over-year basis.The Industrial market’s (30.8% of net sales) sales were $227.7 million, up 8.7% year over year.The Governmental & Academic market (11.1% of net sales) generated $82.4 million in sales, which rose 2.1% year over year.Geography: Waters’ operating regions include Asia, the Americas and Europe.Asia (33.9% of net sales) generated $251.3 million in sales, up 5.5% on a year-over-year basis.Sales in the Americas (37.7% of net sales) were $279.1 million, increasing 1.3% year over year.Europe (28% of net sales) generated $209.8 million in sales, up 6% year over year.\nWAT’s Operating Details\nIn the third quarter, non-GAAP selling and administrative expenses were $166 million, up 6.6% year over year. As a percentage of net sales, the figure expanded 50 basis points (bps) on a year-over-year basis.Research and development spending of $44.7 million increased 0.4% year over year. As a percentage of net sales, the figure expanded 40 bps year over year.The adjusted operating margin was 30.8%, which contracted 80 bps year over year.\nWaters’ Balance Sheet & Cash Flow\nAs of Sept. 28, 2024, cash, cash equivalents and investments were $331.5 million, down from $327.4 million as of June 29, 2024.Waters generated cash from operations of $204.6 million in the reported quarter, up from $54.5 million in the prior quarter.WAT recorded a free cash flow of $179 million in the third quarter.\nWAT Raised Q4 & 2024 Guidance\nFor the fourth quarter of 2024, Waters expects non-GAAP earnings of $3.90-$4.10 per share. The Zacks Consensus Estimate for earnings is pegged at $4.08, down a couple of cents over the past 30 days, indicating 12.71% growth from the figure reported in the year-ago quarter.Management anticipates organic sales to grow 5-7% on a constant-currency basis. WAT projects 1.7% lower sales growth due to unfavorable foreign exchange fluctuations.On a reported basis, total sales growth is predicted to be 3.3-5.3%.The Zacks Consensus Estimate for revenues is pegged at $857.72 million, suggesting 4.67% year-over-year growth.For 2024, Waters anticipates non-GAAP earnings of $11.67-$11.87 per share. The Zacks Consensus Estimate for earnings is pegged at $11.63, up 3 cents over the past 30 days, indicating a 1.02% decline from the figure reported in 2023.Waters projects 2024 organic sales to decline 0.9-0.3% on a constant-currency basis. The Wyatt transaction is expected to increase sales growth by 1.3%. WAT projects sales growth to be affected by 1.2% due to unfavorable foreign exchange fluctuations.On a reported basis, total sales are suggested to decline 0.8-0.2%.The Zacks Consensus Estimate for revenues is pegged at $2.92 billion, indicating a year-over-year decline of 1.32%.\nWaters Zacks Rank & Stocks to Consider\nCurrently, Waters carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader medical market sector are Amedisys AMED, BeiGene BGNE and Fresenius Medical Care AG FMS, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Amedisys shares have gained 0.5% in the year-to-date period. AMED’s long-term earnings growth rate is projected at 10.96%.BeiGene shares have risen 13.2% in the year-to-date period. The long-term earnings growth rate for BGNE is anticipated at 47.51%.Fresenius Medical shares have lost 5.1% in the year-to-date period. FMS’s long-term earnings growth rate is estimated to be 13.59%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAmedisys, Inc. (AMED) : Free Stock Analysis Report\nWaters Corporation (WAT) : Free Stock Analysis Report\nFresenius Medical Care AG & Co. KGaA (FMS) : Free Stock Analysis Report\nBeiGene, Ltd. (BGNE) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481155525"}