Solventum Corp reports results for the quarter ended March 31 - Earnings Summary

• Solventum Corp SOLV.N reported quarterly adjusted earnings of $1.34​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.08. The mean expectation of nine analysts for the quarter was for earnings of $1.22 per share. Wall Street expected results to range from $1.15 to $1.31 per share.

• Revenue rose 2.7% to $2.07 billion from a year ago; analysts expected $2.02 billion.

• Solventum Corp's reported EPS for the quarter was 78 cents​.

• The company reported quarterly net income of $137 million.

• Solventum Corp shares had fallen by 13.9% this quarter and lost 0.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the medical equipment, supplies & distribution peer group is also "hold"

• Wall Street's median 12-month price target for Solventum Corp is $80.00

This summary was machine generated from LSEG data May 8 at 09:45 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)