* Veralto Corp reported quarterly adjusted earnings of 84 cents per share for the quarter ended in March. The mean expectation of ten analysts for the quarter was for earnings of 76 cents per share. Wall Street expected results to range from 75 cents to 79 cents per share.
* Revenue was $1.25 billion; analysts expected $1.23 billion.
* Veralto Corp's reported EPS for the quarter was 74 cents.
* The company reported quarterly net income of $184 million.
* Veralto Corp shares had risen by 2.9% this quarter and gained 10.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 1.5% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the environmental services & equipment peer group is also "buy"
Wall Street's median 12-month price target for Veralto Corp is $97.00 This summary was machine generated from LSEG data April 23 at 11:21 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.76 0.84 Beat
Dec. 31 2023 0.81 0.87 Beat
Sep. 30 2023 0.70 0.75 Beat
Comments