Waters 2Q Earnings Pregame Scorecard

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Last quarter Waters (NYSE:WAT) fell short of Wall Street estimates, and it is scheduled to report again on Tuesday.

Expectations

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Analysts currently expect Waters to come in with earnings of $1.16 per share on revenues of $459.6 million. Estimates from analysts range from $1.12 per share to $1.18 per share. Over the past three months, the average estimate has moved down from $1.19.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $5.28 per share between June 1, 2012 and June 20, 2012. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $9.71 (-11%), from $88.34 to $78.63.

Company Fundamental Trends

Stock Ratings

Analysts are bullish on the stock as 11 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.

Last Quarter's Results

In the first quarter, profit fell 6.2% to $88.7 million (98 cents a share) from $94.5 million ($1.01 a share) the year earlier, missing analyst expectations. Revenue fell 1.7% to $420.5 million from $427.6 million.

Summary

Reporting Period: 2Q

Date of Release: Tuesday, July 24, 2012

EPS: $1.16

Revenue Estimate: $459.6 million

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)