Waters Earnings: Everything You Must Know Now

Waters Corp. (NYSE:WAT) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Waters Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 7% to $1.07 in the quarter versus EPS of $1.00 in the year-earlier quarter.

Revenue: Rose 2.36% to $430.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Waters Corp. reported adjusted EPS income of $1.07 per share. By that measure, the company missed the mean analyst estimate of $1.09. It missed the average revenue estimate of $432.37 million.

Quoting Management: Douglas A. Berthiaume, Chairman, President, and Chief Executive Officer, said, “Constant currency sales growth was in line with our expectations and generally stronger than in recent quarters. We are encouraged by demand trends for new instrument systems, especially in China and India, and feel that positive business momentum across our major markets is sustainable.”

Key Stats (on next page)…

Revenue decreased 17.51% from $521.77 million in the previous quarter. EPS decreased 32.7% from $1.59 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.26 to a profit $1.25. For the current year, the average estimate has moved down from a profit of $5.37 to a profit of $5.33 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)