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

Veralto

24/04/2024 24:21

* Veralto Corp  VLTO.N  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