Water analytics and treatment company Veralto (NYSE:VLTO) will be reporting results tomorrow after market close. Here’s what to look for.
Veralto met analysts’ revenue expectations last quarter, reporting revenues of $1.35 billion, up 4.4% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations.
Is Veralto a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Veralto’s revenue to grow 2.7% year on year to $1.28 billion, improving from the 1.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.87 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 1.8% on average.
Looking at Veralto’s peers in the environmental and facilities services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Waste Connections delivered year-on-year revenue growth of 7.5%, meeting analysts’ expectations, and Republic Services reported revenues up 3.8%, falling short of estimates by 0.9%. Waste Connections’s stock price was unchanged after the resultswhile Republic Services was up 1.3%.
Read our full analysis of Waste Connections’s results here and Republic Services’s results here.
Investors in the environmental and facilities services segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month. Veralto is down 5.3% during the same time and is heading into earnings with an average analyst price target of $108.08 (compared to the current share price of $92.31).
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