For its third fiscal quarter (ending September 30), Waters Corp (NYSE: WAT) has reported a -13% decline in E.P.S. from $2.61 a year ago to $2.28 in the current quarter. This result fell short of the consensus estimate of $2.55 by $-0.27. E.P.S. were $11.04 for the latest four quarters through September 30 versus $11.53 for the same period a year ago — a decline of -4%.
Recent Price Action
Waters Corp (NYSE: WAT) stock enjoyed a large increase of 3.4% on 11/7/23. The stock closed at $260.67. The stock has been weak relative to the market over the last nine months but has risen 10.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, WAT is expected to continue to be a major Value Builder.
Waters has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Waters has a poor Power Rating of 28 and a poor Appreciation Score of 17, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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