Wolfe Research has upgraded Waters Corp (WAT) to an Outperform rating from Peer Perform, effective December 9, 2025. This adjustment reflects a more positive outlook on the company's future prospects, suggesting improved fundamentals or enhanced confidence in its strategic direction.
Waters Corp operates within the Life Sciences Tools & Services sector, providing workflow solutions that include liquid chromatography and mass spectrometry. Headquartered in Milford, Massachusetts, the company employs approximately 7,600 individuals and boasts a market capitalization of $23.5 billion. As of the latest financial data, the firm reported a price-to-earnings ratio (P/E) of 36.15 and earnings per share (EPS) of 10.87.
The upcoming earnings report is scheduled for August 3, 2026, with expectations of an EPS of $3.34 and revenue of $826.2 million. Recent performance has shown a consistent ability to exceed earnings estimates, as demonstrated by a 5.1% surprise in Q3 2025, where EPS reached $3.40 against an estimate of $3.24.
Analyst consensus currently indicates a Buy rating, with 4 Strong Buy, 6 Buy, and 11 Hold ratings among 21 analysts. This upgrade highlights the evolving sentiment surrounding Waters Corp, which is actively developing and supplying advanced analytical instruments and software solutions in over 35 countries, with products available in more than 100 countries worldwide.
Such decisions reflect the dynamic nature of analyst ratings, which can shift as new information becomes available. Investors are encouraged to consider various factors, including company fundamentals and industry trends, when making financial decisions.