Water analytics and treatment company Veralto (NYSE: VLTO) will be reporting earnings this Tuesday after market close. Here’s what investors should know.
Veralto met analysts’ revenue expectations last quarter, reporting revenues of $1.40 billion, up 6.8% year on year. It was a satisfactory quarter for the company, with full-year EPS guidance slightly topping analysts’ expectations but revenue guidance for next quarter slightly missing analysts’ expectations.
Is Veralto a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Veralto’s revenue to grow 4.3% year on year to $1.40 billion, in line with the 4.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.98 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Veralto has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.6% on average.
Looking at Veralto’s peers in the environmental and facilities services segment, only Waste Management has reported results so far. It missed analysts’ revenue estimates by 1.3%, delivering year-on-year sales growth of 7.1%. The stock was down 3.6% on the results.
Read our full analysis of Waste Management’s earnings results here.There has been positive sentiment among investors in the environmental and facilities services segment, with share prices up 5.1% on average over the last month. Veralto’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $114.94 (compared to the current share price of $96.43).
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