Veralto Earnings Preview: Revenue Growth Expected Amidst Peer Performance
Earnings Date: Tomorrow after market close (expected)
Key Expectations:
* Revenue: $1.35 billion, up 4.4% year-over-year
* Adjusted Earnings: $0.89 per share
Recent Performance and Analyst Sentiment:
* Veralto consistently surpassed revenue estimates in the past two years.
* Analysts have maintained their estimates in the last 30 days.
Peer Comparison:
* Tetra Tech, a peer in the environmental services segment, beat revenue estimates by 8.6% and reported 17.9% sales growth.
Stock Performance:
* Veralto's share price has been relatively stable during the last month.
* Analysts have set an average price target of $114.72, significantly above the current price of $103.39.