Fortive Corp expected to post earnings of 79 cents a share - Earnings Preview

Fortive

22/04/2024 14:42

* Fortive Corp  FTV.N   FTV  is expected to show a rise in
quarterly revenue when it reports  results on April 24 for the
period ending March 31 2024
    * The Everett Washington-based  company is expected to
report a
4.5% increase in revenue to $1.527 billion from $1.46 billion a
year ago, according to the mean estimate from 15 analysts, based
on LSEG data.The company's guidance on January 31 2024, for the
period ended March 31, was for revenue of $1.500 billion.
    * ​LSEG's mean analyst estimate for Fortive Corp is for
earnings
of 79 cents per share. The company's EPS guidance on January 31
2024, for the period ended March 31, was between $0.77 and
$0.80 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Fortive
Corp is
$92.00​, above​ its last closing price of $79.49. ​​​

The company's guidance on January 31 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD373.438 million and USD387.53 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.94        0.94       0.98      Beat    4.5
 Sep. 30 2023  0.85        0.85       0.85      Met     0.1
 Jun. 30 2023  0.81        0.81       0.85      Beat    5.3​
 Mar. 31 2023  0.74        0.73       0.75      Beat    2.6
 ​​Dec.        0.84        0.84       0.88      Beat    4.4
 31 2022                                                
 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
 This summary was machine generated April 22 at 13:42 GMT.  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)