Fortive Corp expected to post earnings of 92 cents a share - Earnings Preview

Fortive

22/07/2024 15:47

* Fortive Corp  FTV.N   FTV  is expected to show a rise in
quarterly revenue when it reports  results on July 24 for the
period ending June 30 2024
    * The Everett Washington-based  company is expected to
report a
2.9% increase in revenue to $1.57 billion from $1.53 billion a
year ago, according to the mean estimate from 15 analysts, based
on LSEG data.The company's guidance on April 24 2024, for the
period ended June 30, was for revenue of $1.600 billion.
    * ​LSEG's mean analyst estimate for Fortive Corp is for
earnings
of 92 cents per share. The company's EPS guidance on April 24
2024, for the period ended June 30, was between $0.90 and $0.93 
    * 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
$89.13​, above​ its last closing price of $75.59. ​​​

The company's guidance on April 24 2024 for the period ended
June 30 was for Earnings before Interest and Taxes of USD427.2
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  
 Mar. 31 2024  0.80        0.79       0.83      Beat    4.7
 Dec. 31 2024  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
 ​​Dec.        0.74        0.73       0.75      Beat    2.6
 31 2022                                                
 Dec. 31 2022  0.84        0.84       0.88      Beat    4.4​
 Sep. 30 2022  0.76        0.76       0.79      Beat    3.8
 Jan. 1 0001   0.72        0.72       0.78      Beat    8.3
 This summary was machine generated July 22 at 14:47 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)