Fortive Corp expected to post earnings of 85  cents a share - Earnings Preview

Fortive

23/10/2023 14:59

* Fortive Corp  FTV.N   FTV  is expected to show a rise in
quarterly revenue when it reports  results on October 25. 
    * The Everett Washington-based  company is expected to
report  a
4.2% increase in revenue to $1.518 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 July 26 2023, for
the period ended September 30, was for revenue of $1.500
billion.
    * ​Refinitiv's mean analyst estimate for Fortive Corp is for
earnings of 85 cents per share. The company's EPS guidance on
July 26 2023, for the period ended September 30, was between
$0.82 and $0.85 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 6
"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
$85​, above​ its last closing price of $70.24. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  0.84        0.84       0.88      Beat    4.4​
 Sep. 30 2022  0.76        0.76       0.79      Beat    3.8
 ​​Jun.        0.72        0.72       0.78      Beat    8.3
 30 2022                                                
 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. 30 2021  0.65        0.65       0.66      Beat    1.5
 This summary was machine generated October 23 at 13:58 GMT.  All
figures in US dollars  unless otherwise stated