Solventum Corp expected to post earnings of $1.51 a share - Earnings Preview

Solventum

07/08/2024 03:03

* Solventum Corp  SOLV.N   SOLV.K  is expected to report
resultson
August 8 for the period ending June 30 2024
    * The St. Paul Minnesota-based  company is expected to
report
revenue of $2.049 billion, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Solventum Corp is for
earnings
of $1.51 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Solventum
Corp is
$57.50​, above​ its last closing price of $57.45. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.74        1.75       2.08      Beat    19.2
  2024                                                  
                                                        ​
 ​​                                                     
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 This summary was machine generated August 7 at 02:03 GMT.  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)