Water analytics and treatment company Veralto (NYSE: VLTO) will be reporting results this Tuesday afternoon. Here’s what investors should know.

Veralto beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $1.37 billion, up 6.4% year on year. It was a strong quarter for the company, with a solid beat of analysts’ revenue estimates and an impressive beat of analysts’ adjusted operating income estimates.

Is Veralto a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Veralto’s revenue to grow 6.6% year on year to $1.4 billion, improving from the 4.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.95 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, only Waste Connections has reported results so far. It beat analysts’ revenue estimates by 0.5%, delivering year-on-year sales growth of 5.1%. The stock traded up 2.7% on the results.

There has been positive sentiment among investors in the environmental and facilities services segment, with share prices up 3.7% on average over the last month. Veralto’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $115.83 (compared to the current share price of $104.65).

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