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

Fortive

01/02/2023 14:32

* Fortive Corp  FTV.N  reported quarterly adjusted earnings
of 88
cents​​ per share for the quarter ended in December. The mean
expectation of seventeen analysts for the quarter was
for earnings of 84 cents per share.
    * Revenue rose 11.3% to $1.53 billion from a year ago;
analysts
expected $1.50 billion. 
    * Fortive Corp's reported EPS for the quarter was 64 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Fortive Corp shares had risen by 5.9% this quarter.
    * The company reported quarterly net income of $227.2
million.
    * Wall Street's median 12-month price target for Fortive
Corp is
$74.00 
    * 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." 

This summary was machine generated from Refinitiv data February
1 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.84           0.88           Beat
 Sep. 30 2022      0.76           0.79           Beat
 Jun. 30 2022      0.72           0.78           Beat
 Mar. 31 2022      0.68           0.70           Beat