West Pharmaceutical Services (WST) To Report Earnings Tomorrow: Here Is What To Expect

WST Cover Image

Healthcare products company West Pharmaceutical Services (NYSE: WST) will be reporting earnings this Thursday morning. Here’s what to look for.

West Pharmaceutical Services beat analysts’ revenue expectations by 5.6% last quarter, reporting revenues of $766.5 million, up 9.2% year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ revenue estimates and a solid beat of analysts’ full-year EPS guidance estimates.

Is West Pharmaceutical Services a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting West Pharmaceutical Services’s revenue to grow 5.5% year on year to $787.7 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.69 per share.

West Pharmaceutical Services Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. West Pharmaceutical Services has missed Wall Street’s revenue estimates three times over the last two years.

Looking at West Pharmaceutical Services’s peers in the life sciences tools & services segment, only Danaher has reported results so far. It beat analysts’ revenue estimates by 0.6%, delivering year-on-year sales growth of 4.4%.

Read our full analysis of Danaher’s earnings results here.

There has been positive sentiment among investors in the life sciences tools & services segment, with share prices up 5.3% on average over the last month. West Pharmaceutical Services is up 11.8% during the same time and is heading into earnings with an average analyst price target of $319.25 (compared to the current share price of $282).

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