Veralto Corp reports results for the quarter ended in December - Earnings Summary

Veralto

07/02/2024 06:14

* Veralto Corp  VLTO.N  reported quarterly adjusted earnings
of 87
cents​​ per share for the quarter ended in December.  The mean
expectation of seven analysts for the quarter was for earnings
of 81 cents per share. Wall Street expected results to range
from 79 cents to 83 cents per share.
    * Revenue was $1.29 billion​; analysts expected $1.25
billion. 
    * Veralto Corp's reported EPS for the quarter was 81 cents​.
    * The company reported quarterly net income of $200 million.
    * Veralto Corp shares had fallen by 5.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.4%
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 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the water &
related
utilities peer group is also "buy"

Wall Street's median 12-month price target for Veralto Corp is
$80.50 
This summary was machine generated from LSEG data February 7 at
06:13 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 ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.81           0.87           Beat
 Sep. 30 2023      0.70           0.75           Beat