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

Fortive

26/04/2023 14:30

* Fortive Corp  FTV.N  reported quarterly adjusted earnings
of 75
cents​​ per share for the quarter ended in March. The mean
expectation of seventeen analysts for the quarter was
for earnings of 73 cents per share.
    * Revenue rose 6.1% to $1.46 billion from a year ago;
analysts
expected $1.42 billion. 
    * Fortive Corp's reported EPS for the quarter was 49 cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Fortive Corp shares had fallen by 4.2% this quarter and
gained 1.7% so far this year.
    * The company reported quarterly net income of $173.6
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 LSEG Refinitiv data
April 26 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.73           0.75           Beat
 Dec. 31 2022      0.84           0.88           Beat
 Sep. 30 2022      0.76           0.79           Beat
 Jun. 30 2022      0.72           0.78           Beat