It has been a few month for the reason that final earnings report for Waters (WAT). Shares have misplaced about 3.9% in that time-frame, outperforming the S&P 500.
Will the current unfavorable development proceed main as much as its subsequent earnings launch, or is Waters due for a breakout? Earlier than we dive into how buyers and analysts have reacted as of late, let’s take a fast take a look at its most up-to-date earnings report with a purpose to get a greater deal with on the essential drivers.
How Have Estimates Been Shifting Since Then?
It seems, estimates revision have trended downward throughout the previous month.
The consensus estimate has shifted -10.2% on account of these modifications.
VGM Scores
At present, Waters has a mean Progress Rating of C, although it’s lagging a bit on the Momentum Rating entrance with a D. Following the very same course, the inventory was allotted a grade of D on the worth facet, placing it within the backside 40% for this funding technique.
General, the inventory has an combination VGM Rating of D. If you happen to aren’t targeted on one technique, this rating is the one you need to be fascinated about.
Outlook
Estimates have been broadly trending downward for the inventory, and the magnitude of those revisions signifies a downward shift. Notably, Waters has a Zacks Rank #3 (Maintain). We anticipate an in-line return from the inventory within the subsequent few months.
Efficiency of an Trade Participant
Waters is a part of the Zacks Medical – Devices business. Over the previous month, Steris (STE), a inventory from the identical business, has gained 1.5%. The corporate reported its outcomes for the quarter ended December 2024 greater than a month in the past.
Steris reported revenues of $1.37 billion within the final reported quarter, representing a year-over-year change of -1.8%. EPS of $2.32 for a similar interval compares with $2.22 a 12 months in the past.
For the present quarter, Steris is anticipated to put up earnings of $2.58 per share, indicating a change of +7.1% from the year-ago quarter. The Zacks Consensus Estimate has modified -0.1% over the past 30 days.
Steris has a Zacks Rank #3 (Maintain) primarily based on the general path and magnitude of estimate revisions. Moreover, the inventory has a VGM Rating of B.
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Waters Corporation (WAT) : Free Stock Analysis Report
STERIS plc (STE) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
