Fortive Corp expected to post earnings of 81  cents a share - Earnings Preview

Fortive

24/07/2023 18:11

* Fortive Corp  FTV.N   FTV  is expected to show a rise in
quarterly revenue when it reports  results on July 26. 
    * The Everett Washington-based  company is expected to
report  a
3.0% increase in revenue to $1.508 billion from $1.46 billion a
year ago, according to the mean estimate from 13 analysts, based
on Refinitiv data. The company's guidance on May 25 2023, for
the period ended June 30, was for revenue of $1.500 billion.
    * ​Refinitiv's mean analyst estimate for Fortive Corp is for
earnings of 81 cents per share. The company's EPS guidance on
May 25 2023, for the period ended June 30, was between $0.78 and
$0.82 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Fortive
Corp is
$77​, above​ its last closing price of $74.27. ​​​

The company's guidance on April 26 2023 for the period ended
June 30 was for Earnings before Interest and Taxes between
USD367.47121 million and USD382.28713 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  
 Mar. 31 2023  0.74        0.73       0.75      Beat    2.6
 Dec. 31 2023  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.        0.68        0.68       0.70      Beat    3.1
 31 2022                                                
 Dec. 31 2021  0.78        0.78       0.79      Beat    1.5​
 Sep. 30 2021  0.65        0.65       0.66      Beat    1.5
 Jun. 30 2021  0.61        0.60       0.66      Beat    9.8
 This summary was machine generated July 24 at 17:11 GMT.  All
figures in US dollars  unless otherwise stated