Waters Corporation expected to report a decline in sales for Q2, with challenges due to weak demand.

From Nasdaq: 2024-07-24 12:33:00

Waters Corporation will report its second-quarter 2024 results on July 31, with an anticipated decline in net sales of 6-4%. Analysts expect reported sales to fall between 6.5-4.5%, with a consensus estimate of $698 million in net sales. Non-GAAP earnings are projected between $2.50 and $2.60 per share.

Operational improvements and product innovations are expected to boost Waters Corporation’s performance in Q2 2024. The company’s focus on growing markets like PFAS and battery testing, along with investments in liquid chromatography and mass spectrometry, may have positively impacted revenues. However, weak demand in certain sectors could pose challenges.

Analysts forecast a decline in pharma, academic, and government revenues for Waters Corporation in Q2 2024, with industrial revenues also expected to drop. Factors like foreign exchange fluctuations and macroeconomic challenges might further affect the company’s financial performance.

Despite overall headwinds, Waters Corporation has historically surpassed earnings estimates and continues to invest in product advancements. However, the company’s current Earnings ESP of -0.57% and Zacks Rank of #4 (Sell) suggest challenges ahead. Investors are advised to closely monitor the upcoming earnings report on July 31.

In a similar industry forecast, Aspen Aerogels is set to report Q2 2024 earnings on August 7, with an estimated earning of 5 cents per share. Apple’s Q3 fiscal 2024 results are due on August 1, with earnings projected at $1.33 per share. GoDaddy is also scheduled to release Q2 2024 results on August 1, expecting earnings of $1.07 per share. Investors can refer to the Zacks Earnings Calendar for more updates on upcoming earnings announcements.



Read more at Nasdaq: Waters (WAT) to Report Q2 Earnings: What’s in the Offing?