Waters Corp
WAT: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$273.00 | Hrtm | Sshcrhyx |
Waters Earnings: 2024 Outlook Constrained by Ongoing Headwinds, but No Fair Value Estimate Change
Wide-moat Waters turned in a solid end to what wound up being a very challenging year for most life science companies and guided for more constraints in 2024. While management's 2024 outlook was weaker than we had anticipated, cash flows generated since our last valuation change offset that in our model, and we are maintaining our $323 fair value estimate. Waters shares remain about fairly valued, in our opinion.