Fortive Corp expected to post earnings of 84cents a share - Earnings Preview

Fortive

30/01/2023 13:32

* Fortive Corp  FTV.N   FTV  is expected to show a rise in
quarterly revenue when it reports  results on February 1. 
    * The Everett Washington-based  company is expected to
report  a
9.1% increase in revenue to $1.499 billion from $1.37 billion a
year ago, according to the mean estimate from 14 analysts, based
on Refinitiv data. The company's guidance on October 26 2022,
for the period ended December 31, was for revenue between $1.48
billion and $1.50 billion.
    * ​Refinitiv's mean analyst estimate for Fortive Corp is for
earnings of 84 cents per share. The company's EPS guidance on
October 26 2022, for the period ended December 31, was between
$0.82 and $0.85 
    * 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Fortive
Corp is
$72​, above​ its last closing price of $67.01. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.78        0.78       0.79      Beat    1.5
 ​​Sep.        0.65        0.65       0.66      Beat    1.5
 30 2021                                                
 Jun. 30 2021  0.61        0.60       0.66      Beat    9.8​
 Mar. 31 2021  0.60        0.60       0.63      Beat    5.6
 Dec. 31 2020  0.62        0.62       0.70      Beat    12.7
 This summary was machine generated January 30 at 13:32 GMT.  All
figures in US dollars  unless otherwise stated