Analyst Consensus ?
ConsensusBuy15 ratings
Bullish1280.0%
Neutral213.3%
Bearish16.7%
West Pharmaceutical Services, Inc. · WST · FY2025 Q3 · Calendar Q4 2025
West Pharma raises guidance as HVP demand drives Q3 growth
The evidence supports a constructive operating trajectory: resilient HVP-related demand, capacity investments and a favorable mix shift underpin growth and margins. The thesis depends on executing the CGM back-fill and converting Annex 1 projects on schedule.
Reported Before market openNYSEHealthcare
$25.69B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.96
Consensus $1.68
EPS surprise
+16.7%
Reported versus consensus
Reported revenue
$804.3M
Consensus $785.7M
Revenue surprise
+2.4%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+10.9%
Event window
SPY move
+0.6%
Same window
Abnormal move
+10.3%
Stock minus SPY
Volume
3.0×
Versus trailing sessions
Subsequent drift
-16.1%
Up to 20 sessions
WSTSPY benchmark
Ask FN2 about WST FY2025 Q3
Transcript, numbers and history already loaded
Why did WST rise 10.9% after beating EPS estimates in FY2025 Q3?What changed in WST's guidance and outlook in FY2025 Q3?Give me the bull and bear case for WST after FY2025 Q3 earnings.
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Transcript intelligence
What changed
Versus the prior quarter, management raised full-year guidance again, increased the expected contribution from Annex 1 upgrades, and identified roughly $20 million of planned 2026 revenue from Dublin drug handling. The key new offsetting risk is the mid-2026 CGM contract exit.
Guidance delta
Management raised full-year 2025 revenue and adjusted EPS guidance again.
Key takeaways
- HVP components, GLP-1 elastomers and Annex 1 upgrades remain the main growth drivers.
- Management expects mix shift and operating efficiencies to support margin expansion.
- The planned mid-2026 CGM contract exit creates a revenue headwind that must be back-filled.
Management priorities
- Expand HVP capacity in Germany
- Automate the SmartDose line and ramp Dublin drug handling
- Replace CGM volume with higher-margin contract manufacturing
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$364.98Current
$295Low
$369.14Average
$447High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 4, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Overweight | Equal Weight | Upgrade | Sep 22, 2026 |
| UBS | Buy | Buy | Maintain | Sep 9, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 3, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jul 27, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Jul 2, 2026 |
| Barclays | Overweight | Equal Weight | Upgrade | Jun 9, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Jun 2, 2026 |
| B of A Securities | Buy | Buy | Maintain | Dec 13, 2024 |
| Jefferies | Buy | Hold | Upgrade | Feb 7, 2024 |
| Deutsche Bank | Hold | Hold | Maintain | Dec 14, 2022 |
| Bank of America | Underperform | Neutral | Downgrade | Dec 12, 2019 |
| William Blair | Outperform | Outperform | Maintain | Apr 23, 2019 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jan 24, 2018 |
| Wells Fargo | Outperform | Outperform | Maintain | Oct 27, 2017 |
| Janney Capital | Buy | Buy | Maintain | Jan 8, 2016 |
Named analyst price targets
Upside is calculated against the persisted current price $364.98. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Kallum Titchmarsh | $400 | $361.73 | +9.6% | Sep 22, 2026 |
| UBS | Analyst unavailable | $415 | $338.06 | +13.7% | Sep 9, 2026 |
| Evercore ISI | Analyst unavailable | $425 | $333.12 | +16.4% | Jul 27, 2026 |
| BNP Paribas | Analyst unavailable | $447 | $353.71 | +22.5% | Jul 13, 2026 |
| Morgan Stanley | Analyst unavailable | $365 | $353.68 | +0.0% | Jul 9, 2026 |
| Evercore ISI | Daniel Markowitz | $410 | $359.27 | +12.3% | Jul 6, 2026 |
| KeyBanc | Analyst unavailable | $390 | $365 | +6.9% | Jul 2, 2026 |
| Barclays | Luke Sergott | $400 | $319.75 | +9.6% | Jun 9, 2026 |
| Morgan Stanley | Analyst unavailable | $315 | $306.39 | -13.7% | Apr 27, 2026 |
| Barclays | Analyst unavailable | $310 | $306.16 | -15.1% | Apr 27, 2026 |
| UBS | Dan Leonard | $340 | $246.6 | -6.8% | Feb 13, 2026 |
| Deutsche Bank | Analyst unavailable | $315 | $247.49 | -13.7% | Feb 13, 2026 |
| Barclays | Luke Sergott | $265 | $243.61 | -27.4% | Feb 13, 2026 |
| Jefferies | David Windley | $295 | $249.97 | -19.2% | Feb 10, 2026 |
| Evercore ISI | Daniel Markowitz | $320 | $237.88 | -12.3% | Feb 3, 2026 |
| Morgan Stanley | Analyst unavailable | $285 | $274.14 | -21.9% | Dec 1, 2025 |
| Barclays | Analyst unavailable | $325 | $293.62 | -11.0% | Oct 27, 2025 |
| UBS | Dan Leonard | $355 | $307.25 | -2.7% | Oct 24, 2025 |
| Deutsche Bank | Justin Bowers | $345 | $304.74 | -5.5% | Oct 24, 2025 |
| Evercore ISI | Daniel Markowitz | $390 | $309.28 | +6.9% | Oct 23, 2025 |
| Evercore ISI | Analyst unavailable | $350 | $268.07 | -4.1% | Oct 7, 2025 |
| Barclays | Analyst unavailable | $275 | $271.42 | -24.7% | Oct 2, 2025 |
| Redburn Partners | Jamie Clark | $311 | $257.53 | -14.8% | Sep 15, 2025 |
| Barclays | Luke Sergott | $245 | $222.68 | -32.9% | Jun 24, 2025 |
| Jefferies | David Windley | $393 | $287.85 | +7.7% | Nov 19, 2024 |
| Jefferies | David Windley | $536 | $413 | +46.9% | Feb 7, 2024 |
| Deutsche Bank | Analyst unavailable | $250 | $251.9 | -31.5% | Dec 14, 2022 |
| UBS | Analyst unavailable | $250 | $222.84 | -31.5% | Nov 30, 2022 |
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Start freeCompany context
Snapshot as of publicationWest Pharmaceutical Services, Inc. (WST) specializes in the development, manufacturing, and global distribution of essential containment and delivery solutions for injectable pharmaceuticals and other healthcare products. The company's operations span across the Americas, Europe, the Middle East, Africa, and the Asia Pacific region, structured into two primary business units: Proprietary Products and Contract-Manufactured Products. The Proprietary Products segment offers a comprehensive array of components for injectable packaging, including stoppers and seals, alongside syringe and cartridge parts, which can be customized for specific injectable drug delivery requirements. It also provides advanced drug administration systems designed to enhance safe and effective delivery through sophisticated reconstitution, mixing, and transfer technologies.…
Historical context
All WST earningsHealthcare peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| COO The Cooper Companies, Inc. | FY2026 Q3 · Calendar Q3 2026 | +2.7% | -14.7% | CooperCompanies beats expectations as inventory reduction weighs on vision revenue |
| MDT Medtronic plc | FY2027 Q1 · Calendar Q3 2026 | +4.3% | +1.5% | Medtronic raises FY27 outlook as growth broadens across platforms |
Latest beats and misses
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Get the WST recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-04T19:20:42.534493+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-04T19:20:42.531608+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-04. For educational purposes only; not investment advice.