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Solventum Corp reports results for the quarter ended June 30 - Earnings Summary

Solventum Corp SOLV.N reported quarterly adjusted earnings of $1.69​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.56.  The mean expectation of ten analysts for the quarter was for earnings of $1.44 per share. Wall Street expected results to range from $1.33  to $1.49 per share.

Revenue rose 3.8% to $2.16 billion from a year ago; analysts expected $2.12 billion.

Solventum Corp's reported EPS for the quarter was 51 cents​.

The company reported quarterly net income of $90 million.

Solventum Corp shares had fallen by 4.3% this quarter and gained 9.9% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 0.1% 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 "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the medical equipment, supplies & distribution peer group is  "buy."

Wall Street's median 12-month price target for Solventum Corp is $85.66, about 16% above its last closing price of $71.95

This summary was machine generated from LSEG data August 8 at 03:52 a.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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20251.441.69Beat
Mar. 31 20251.221.34Beat
Dec. 31 20241.321.41Beat
Sep. 30 20241.391.64Beat

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