Equity Profile

WAT

Waters Corporation

Health CareLife Sciences Tools & Services$37.7B

Jul29Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Waters Corporation (WAT) operates in the health care sector, specifically in life sciences tools and services. The company is known for its advanced analytical instruments and software that help researchers and scientists in drug development and quality control, making it a key player in the life sciences industry.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability, and investors will look for continued growth or surprises compared to past performance.

N/A

Revenue Growth

Revenue growth indicates the company's ability to expand its market share and meet demand in the life sciences sector.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

WAT Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+5.04%

Avg Stock Reaction

+2.29%

Last Quarter Recap

In Q1-2026, Waters Corporation reported an EPS of $2.70, exceeding estimates by 17.09%. The stock reacted positively, increasing by 13.54% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Waters Corporation's upcoming earnings report, given its strong track record of beating EPS estimates.

Bull Case

If the company continues its trend of beating EPS estimates and shows strong revenue growth, it could lead to significant stock appreciation.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it may face a sharp decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

Given Waters' strong history of beating EPS estimates, this will be a key indicator of the company's ongoing performance.

How is revenue growth trending in the current market environment?

Understanding revenue growth will provide insight into the company's market position and demand for its products.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Waters Corporation to exceed EPS expectations again, given its strong historical performance.

Supporting Evidence

The company has consistently beaten EPS estimates in the past eight quarters, indicating strong operational performance.

Options pricing suggests a lower expected move compared to historical averages, which may not reflect the company's potential.

Recent insider trading activity shows mixed signals, which could indicate uncertainty about future performance.

Key Risk

If the EPS comes in below $2.50, it could challenge the bullish consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Waters Corporation can sustain its growth trajectory amid competitive pressures and market conditions.

Bull Confirmed If

A revenue growth rate of over 10% year-over-year would confirm the bull case.

Bear Confirmed If

Any revenue growth below 5% could signal a bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±4.4%

Historical Avg

±8.29%

Pricing cheap

The options market is pricing in a potential move of about 4.4%, which is lower than the historical average of 8.29%.

Options are pricing a 4.4% move but the stock has averaged an 8.29% move over the last 8 quarters, indicating a cheap setup.

Detail

ATM IV

0.4%

30d HV

57.9%

Calls (13K)P/C Ratio: 0.45Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options cheap in Health Care

n=30

Fade rate: 13 of 29 (45%)

This setup has occurred 30 times across Health Care in the last 2 years. 13 of 29 faded and 16 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 5.5%, with a raw directional average of +2.9% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Waters beats expectations, history suggests a potential stock increase of around 2.29%, confirming the bullish sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may react moderately, reflecting cautious optimism without strong conviction.

Miss

A miss could lead to a decline, with historical data suggesting a potential drop of around 2.69%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·2 sells

Members

House only

Est. Notional

$5,005.00–$75,000.00

disclosed dollar ranges

Most Active Members

R-NJThomas H. Kean JrRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or innovations in analytical instruments.
2Management's commentary on market demand and competitive landscape.
3Insights into cost management strategies and their impact on margins.
4Discussion on international sales performance and growth opportunities.
5Any guidance on future revenue expectations and strategic initiatives.

See the full picture

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability, and investors will look for continued growth or surprises compared to past performance.

N/A

Revenue Growth

Revenue growth indicates the company's ability to expand its market share and meet demand in the life sciences sector.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

WAT Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+5.04%

Avg Stock Reaction

+2.29%

Last Quarter Recap

In Q1-2026, Waters Corporation reported an EPS of $2.70, exceeding estimates by 17.09%. The stock reacted positively, increasing by 13.54% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Waters Corporation's upcoming earnings report, given its strong track record of beating EPS estimates.

Bull Case

If the company continues its trend of beating EPS estimates and shows strong revenue growth, it could lead to significant stock appreciation.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it may face a sharp decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

Given Waters' strong history of beating EPS estimates, this will be a key indicator of the company's ongoing performance.

How is revenue growth trending in the current market environment?

Understanding revenue growth will provide insight into the company's market position and demand for its products.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Waters Corporation to exceed EPS expectations again, given its strong historical performance.

Supporting Evidence

The company has consistently beaten EPS estimates in the past eight quarters, indicating strong operational performance.

Options pricing suggests a lower expected move compared to historical averages, which may not reflect the company's potential.

Recent insider trading activity shows mixed signals, which could indicate uncertainty about future performance.

Key Risk

If the EPS comes in below $2.50, it could challenge the bullish consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Waters Corporation can sustain its growth trajectory amid competitive pressures and market conditions.

Bull Confirmed If

A revenue growth rate of over 10% year-over-year would confirm the bull case.

Bear Confirmed If

Any revenue growth below 5% could signal a bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±4.4%

Historical Avg

±8.29%

Pricing cheap

The options market is pricing in a potential move of about 4.4%, which is lower than the historical average of 8.29%.

Options are pricing a 4.4% move but the stock has averaged an 8.29% move over the last 8 quarters, indicating a cheap setup.

Detail

ATM IV

0.4%

30d HV

57.9%

Calls (13K)P/C Ratio: 0.45Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options cheap in Health Care

n=30

Fade rate: 13 of 29 (45%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Waters beats expectations, history suggests a potential stock increase of around 2.29%, confirming the bullish sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may react moderately, reflecting cautious optimism without strong conviction.

Miss

A miss could lead to a decline, with historical data suggesting a potential drop of around 2.69%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·2 sells

Members

House only

Est. Notional

$5,005.00–$75,000.00

disclosed dollar ranges

Most Active Members

R-NJThomas H. Kean JrRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or innovations in analytical instruments.
2Management's commentary on market demand and competitive landscape.
3Insights into cost management strategies and their impact on margins.
4Discussion on international sales performance and growth opportunities.
5Any guidance on future revenue expectations and strategic initiatives.