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

Solventum

08/11/2024 16:28

* Solventum Corp  SOLV.N  reported quarterly adjusted
earnings of
$1.64​​ per share for the quarter ended September 30.  The mean
expectation of eight analysts for the quarter was for earnings
of $1.39 per share. Wall Street expected results to range from
$1.33  to $1.43 per share.
    * Revenue was $2.08 billion​; analysts expected $2.06
billion. 
    * Solventum Corp's reported EPS for the quarter was 70
cents​.
    * The company reported quarterly net income of $122 million.
    * Solventum Corp shares had risen by 7.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.9%
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 1 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "hold"

Wall Street's median 12-month price target for Solventum Corp is
$73.00 
This summary was machine generated from LSEG data November 8 at
04:27 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
 Sep. 30 2024      1.39           1.64           Beat
 Jun. 30 2024      1.51           1.56           Beat
 Mar. 31 2024      1.75           2.08           Beat