Veralto (VLTO) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.87 per share a year ago.
Veralto (VLTO -0.19%), a key player in water treatment and printing solutions, announced its fourth-quarter earnings on Feb. 4. The company, which was spun off from Danaher in 2023, reported revenue of $1.345 billion, marking a 4.4% year-over-year increase.
VLTO's leadership in Water Quality and PQI segments, strategic acquisitions and growing dividends position it for sustained growth.
Investors looking for stocks in the Technology Services sector might want to consider either Amadeus IT Group SA Unsponsored ADR (AMADY) or Veralto (VLTO). But which of these two stocks offers value investors a better bang for their buck right now?
I maintain a bullish view on Veralto due to strong demand tailwinds, core sales growth, and expanding adj EBITDA margins. 3Q24 results showed $1.31 billion revenue, 4.6% core sales growth, and margin expansion, leading to an EPS beat and raised FY24 adj EPS guidance. The WQ segment shows robust growth, driven by chemical treatment demand.
Veralto (VLTO) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Veralto Corporation (NYSE:VLTO ) Q3 2024 Earnings Conference Call October 24, 2024 8:30 AM ET Company Participants Ryan Taylor - Vice President of Investor Relations Jennifer Honeycutt - President & Chief Executive Officer Sameer Ralhan - Senior Vice President & Chief Financial Officer Conference Call Participants Andy Kaplowitz - Citigroup Mike Halloran - Baird Nathan Jones - Stifel Deane Dray - RBC Capital Markets Brian Lee - Goldman Sachs Andrew Buscaglia - BNP Paribas Andrew Krill - Deutsche Bank Joe Giordano - TD Cowen Damian Karas - UBS Brad Hewitt - Wolfe Research Operator Please standby. Your program is about to begin.
Veralto (VLTO) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.75 per share a year ago.
Veralto (VLTO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Veralto Corporation (NYSE:VLTO ) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Ryan Taylor - VP, IR Jennifer Honeycutt - President & CEO Sameer Ralhan - SVP & CFO Conference Call Participants Scott Davis - Melius Research Deane Dray - RBC Capital Markets Andrew Kaplowitz - Citigroup John McNulty - BMO Capital Markets Mike Halloran - Baird Brian Lee - Goldman Sachs Brad Hewitt - Wolfe Research Nathan Jones - Stifel Andrew Krill - Deutsche Bank Andrew Buscaglia - BNP Paribas Joe Giordano - TD Cowen Operator My name is Leo, and I will be your conference operator this morning. At this time, I would like to welcome everyone to Veralto Corporation's Second Quarter 2024 Conference Call.
VLTO is recommended as a buy due to its leading position in Water Quality and Product Quality & Innovation segments. Strong growth outlook for VLTO in both segments, supported by historical growth trends and margin expansion. WQ segment benefits from growth catalysts such as semiconductor demand and US government funding for water infrastructure.
Investors looking for stocks in the Technology Services sector might want to consider either Kyndryl Holdings, Inc. (KD) or Veralto (VLTO). But which of these two companies is the best option for those looking for undervalued stocks?