Fortive Corp expected to post earnings of 94 cents a share - Earnings Preview

Fortive

29/01/2024 13:33

* Fortive Corp  FTV.N   FTV  is expected to show a rise in
quarterly revenue when it reports  results on January 31 for the
period ending December 31 2023
    * The Everett Washington-based  company is expected to
report a
2.3% increase in revenue to $1.565 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 October 25 2023, for the
period ended December 31, was for revenue of $1.600
billion. (SAL is based on Total Revenue)
    * ​LSEG's mean analyst estimate for Fortive Corp is for
earnings
of 94 cents per share. The company's EPS guidance on October 25
2023, for the period ended December 31, was between $0.92 and
$0.95 
    * 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
$80.00​, above​ its last closing price of $73.97. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.84        0.84       0.88      Beat    4.4
 ​​Sep.        0.76        0.76       0.79      Beat    3.8
 30 2022                                                
 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
 This summary was machine generated January 29 at 13:32 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)