Waters Earnings: Your Sneak Peek to the Big Announcement

Waters (NYSE:WAT) will report earnings before markets open on Tuesday, July 23rd. Waters Corporation provides high-performance liquid chromatography products and services. The Company distributes its products worldwide to a wide range of industries such as pharmaceuticals, chemicals, and environmental testing. Waters also designs, manufactures, sells and services thermal analysis, rheometry and calorimetry instruments and related software products.

Here is your Cheat Sheet to Waters Earnings:

Earnings Expectations: Analysts expect earnings of $1.21 per share on revenues of $465.98 million. Currently, the company’s P/E ratio stands at 18.46.

Analyst Trends:

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 $1.3 to a profit $1.27. For the current year, the average estimate is a profit of $5.22, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Waters has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,575 1,499 1,643 1,851 1,844
Diluted EPS ($) 3.21 3.34 4.06 4.69 5.19

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 451.46 449.95 521.77 430.34
Diluted EPS ($) 1.09 1.12 2.00 1.39

Past Performance:
Waters has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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