UL Solutions Inc reports results for the quarter ended September 30 - Earnings Summary

• UL Solutions Inc ULS.N reported quarterly adjusted earnings of 62 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 56 cents. The mean expectation of ten analysts for the quarter was for earnings of 61 cents per share. Wall Street expected results to range from 58 cents to 65 cents per share.

• Revenue rose 5.1% to $823.00 million from a year ago; analysts expected $815.72 million.

• UL Solutions Inc's reported EPS for the quarter was 53 cents​.

• The company reported quarterly net income of $108 million.

• UL Solutions Inc shares had risen by 14.5% this quarter and lost 4.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "buy"

• Wall Street's median 12-month price target for UL Solutions Inc is $96.00, about 21.7% above its last closing price of $75.14

This summary was machine generated from LSEG data November 3 at 02:32 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)