WAT Earnings Prediction
The chart below shows how WAT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WAT sees a -2.88% change in stock price 10 days leading up to the earnings, and a -0.38% change 10 days following the report. On the earnings day itself, the stock moves by +2.54%. This data can give you a slight idea of what to expect for the next quarter's release.
WAT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
872.71M
6.50%
17.89%
Gross Margin
58.72%
-1.61%
1.84%
Operating Margin
33.49%
-9.51%
16.69%
Net Margin
26.51%
0.49%
21.49%
EPS
3.87
6.03%
42.80%
No Data Available
WAT Earnings Analysis
Waters Corp Corporation (WAT.N) Earnings Conference Call
Positive
Q4 EPS Performance: Waters Corporation reported a Q4 2024 EPS of $4.10, exceeding expectations of $4.02, reflecting a 13% growth in adjusted EPS year-over-year.
Q4 2024 Sales Performance: Sales for Q4 2024 reached $873 million, growing 6% as reported and 8% in constant currency, surpassing the high end of guidance and indicating strong performance across all regions.
Recurring Revenue Growth: Recurring revenues grew by 9% in Q4 2024, demonstrating resilience and improvement from the previous quarter, with both chemistry and service revenues increasing by high single digits.
Operating Margin Improvement: The adjusted operating margin increased by 60 basis points to 35.5% in Q4 2024, despite absorbing a 220 basis point impact from foreign exchange, showcasing effective cost management and operational excellence.
Free Cash Flow Performance: Free cash flow for Q4 2024 was $188 million, contributing to a full year free cash flow of $744 million, representing 25% of sales and a conversion ratio of 105% from adjusted net income.
Negative
Flat Sales Performance: Sales for the full year were flat as reported and in organic constant currency terms, indicating a lack of growth momentum.
Academic and Government Decline: In the full year, the Academic and Government segment declined by 7%, reflecting weakness in these markets.
Asia Sales Decline: Asia's overall sales declined low-double digits, with China specifically experiencing a low-double-digit decline, highlighting regional challenges.
Limited EPS Growth: The full year non-GAAP EPS growth was only 1%, which includes a 5% decline due to foreign exchange headwinds, indicating limited profitability improvement.
Sales Growth Guidance 2025: The guidance for total reported sales growth in 2025 is approximately 2.5% to 5%, which is significantly lower than previous growth expectations.
WAT FAQs
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WAT Earning Call Sentiment
Waters Corporation (NYSE:WAT) Q4 2024 Earnings Call Transcript
WAT.N
-2.93%Positive
The earnings call presented mixed signals. Strong financial metrics such as EPS growth and margin expansion were offset by negative guidance on sales growth and foreign exchange headwinds. The Q&A revealed cautious optimism, with growth in certain regions and markets, but also highlighted macroeconomic risks and unclear management responses. The potential resumption of share repurchases is a positive, but the overall sentiment remains balanced, leading to a neutral stock price prediction.
