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

• Veralto Corp VLTO reported quarterly adjusted earnings of 93 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 85 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 88 cents per share. Wall Street expected results to range from 87 cents to 92 cents per share.

• Revenue rose 6.4% to $1.37 billion from a year ago; analysts expected $1.34 billion.

• Veralto Corp's reported EPS for the quarter was 89 cents​.

• The company reported quarterly net income of $222 million.

• Veralto Corp shares had risen by 2.3% this quarter and gained 1.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.6% 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 9 "strong buy" or "buy," 9 "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 $109.50, about 5.8% above its last closing price of $103.10

This summary was machine generated from LSEG data July 28 at 09:44 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)