Stock Analysis
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- NYSE:WST
West Pharmaceutical Services Second Quarter 2024 Earnings: Misses Expectations
West Pharmaceutical Services (NYSE:WST) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$702.1m (down 6.9% from 2Q 2023).
- Net income: US$111.3m (down 28% from 2Q 2023).
- Profit margin: 16% (down from 21% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: US$1.53 (down from US$2.09 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
West Pharmaceutical Services Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 9.0%.
Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Life Sciences industry in the US.
Performance of the American Life Sciences industry.
The company's shares are down 10% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on West Pharmaceutical Services' balance sheet.
Valuation is complex, but we're here to simplify it.
Discover if West Pharmaceutical Services might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About NYSE:WST
West Pharmaceutical Services
Designs, manufactures, and sells containment and delivery systems for injectable drugs and healthcare products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.