How did WAT's Q4 2024 earnings surprise impact investor confidence?

**Waters' Q4 2024 earnings surprise had a positive impact on investor confidence**, as evidenced by several key indicators:

1. **Strong Financial Performance**: Waters reported a revenue growth of 4% as reported and 4% in constant currency, along with a non-GAAP EPS of $2.93, representing a 3% year-over-year increase. This robust financial performance likely bolstered investor confidence in the company's ability to generate consistent returns.
2. **Gross Margin Expansion**: The company's gross margin expanded by 20 basis points to 59.3%, and the adjusted operating margin stood at 30.8%. Margin expansion is generally viewed favorably by investors, as it indicates improved operational efficiency and profitability.
3. **Recurring Revenue Growth**: Waters experienced a 7% growth in recurring revenue, which is a positive signal for consistent future earnings. Recurring revenue is often considered more stable and predictable than one-time revenues, contributing to investor confidence in the company's long-term sustainability.
4. **Full-Year Outlook Lift**: Waters lifted its fiscal 2024 forecast, citing improved market conditions and operational performance. This optimistic outlook likely reinforced investor confidence in the company's future prospects.
5. **Stock Performance**: Following the earnings release, Waters' stock hit a 52-week high, reflecting investor enthusiasm and confidence in the company's growth trajectory. The stock's price soared, with a nearly 20% surge in shares, further indicating a boost in investor confidence.
6. **Analyst Predictions**: Waters exceeded analyst predictions, which often leads to increased confidence among investors who rely on expert opinions. This achievement likely reinforced investor trust in the company's management and its strategic direction.

In conclusion, Waters' Q4 2024 earnings surprise, with its strong financial performance, margin expansion, and optimistic outlook, significantly bolstered investor confidence. The company's stock price reacted positively, hitting a 52-week high, and the overall market sentiment remained robust.