Fortive Corp expected to post earnings of 73  cents a share - Earnings Preview

Fortive

24/04/2023 14:40

* Fortive Corp  FTV.N   FTV  is expected to show a rise in
quarterly revenue when it reports  results on April 26. 
    * The Everett Washington-based  company is expected to
report  a
3.3% increase in revenue to $1.422 billion from $1.38 billion a
year ago, according to the mean estimate from 13 analysts, based
on Refinitiv data. The company's guidance on February 1 2023,
for the period ended March 31, was for revenue between $1.40
billion and $1.44 billion.
    * ​Refinitiv's mean analyst estimate for Fortive Corp is for
earnings of 73 cents per share. The company's EPS guidance on
February 1 2023, for the period ended March 31, was between
$0.71 and $0.74 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Fortive
Corp is
$74​, above​ its last closing price of $66.79. ​​​

The company's guidance on February 1 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD329 million and USD345.6 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.84        0.84       0.88      Beat    4.4
 Sep. 30 2022  0.76        0.76       0.79      Beat    3.8
 Jun. 30 2022  0.72        0.72       0.78      Beat    8.3​
 Mar. 31 2022  0.68        0.68       0.70      Beat    3.1
 ​​Dec.        0.78        0.78       0.79      Beat    1.5
 31 2021                                                
 Sep. 30 2021  0.65        0.65       0.66      Beat    1.5​
 Jun. 30 2021  0.61        0.60       0.66      Beat    9.8
 Mar. 31 2021  0.60        0.60       0.63      Beat    5.6
 This summary was machine generated April 24 at 13:40 GMT.  All
figures in US dollars  unless otherwise stated