Fortive Corp reports results for the quarter ended December 31 - Earnings Summary

Fortive

07/02/2025 14:30

* Fortive Corp  FTV.N  reported quarterly adjusted earnings
of
$1.17​​ per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of 98
cents.  The mean expectation of eighteen analysts for the
quarter was for earnings of $1.12 per share. Wall Street
expected results to range from $1.10  to $1.14 per share.
    * Revenue rose 2.3% to $1.62 billion from a year ago;
analysts
expected $1.62 billion. 
    * Fortive Corp's reported EPS for the quarter was 60 cents​.
    * The company reported quarterly net income of $208.8
million.
    * Fortive Corp shares had risen by 6.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Fortive Corp is
$88.00 
This summary was machine generated from LSEG data February 7 at
02:30 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.12           1.17           Beat
 Sep. 30 2024      0.93           0.97           Beat
 Jun. 30 2024      0.92           0.93           Beat
 Mar. 31 2024      0.79           0.83           Beat