Veralto Earnings Preview: Analysts Bullish Ahead of Monday's Report

Veralto, a water analytics and treatment company, is scheduled to announce its Q2 earnings results this Monday after the market closes. The company had a strong previous quarter, beating analysts' revenue expectations by 4.1% and reporting revenues of $1.33 billion, up 6.9% year-on-year.

Heading into the upcoming earnings announcement, analysts are expecting Veralto's revenue to grow 4.4% year-on-year to $1.34 billion, an improvement from the 2.8% increase recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.88 per share.

The majority of analysts covering Veralto have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to maintain its positive momentum. Veralto has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 2.1% on average.

Adding to the positive sentiment, some of Veralto's peers in the environmental and facilities services segment have already reported their Q2 results, providing a glimpse of what investors can expect. Waste Connections delivered year-on-year revenue growth of 7.1%, beating analysts' expectations, while Rollins reported revenues up 12.1%, topping estimates.