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

Fortive

26/07/2023 14:31

* Fortive Corp  FTV.N  reported quarterly adjusted earnings
of 85
cents​​ per share for the quarter ended in June. The mean
expectation of fifteen analysts for the quarter was for earnings
of 81 cents per share.
    * Revenue rose 4.3% to $1.53 billion from a year ago;
analysts
expected $1.51 billion. 
    * Fortive Corp's reported EPS for the quarter was 59 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Fortive Corp shares had fallen by 0.8% this quarter and
gained 15.4% so far this year.
    * The company reported quarterly net income of $209 million.
    * Wall Street's median 12-month price target for Fortive
Corp is
$77.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
26 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.81           0.85           Beat
 Mar. 31 2023      0.73           0.75           Beat
 Dec. 31 2022      0.84           0.88           Beat
 Sep. 30 2022      0.76           0.79           Beat