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

Fortive

25/10/2023 14:32

* Fortive Corp  FTV.N  reported quarterly adjusted earnings
of 85
cents​​ per share for the quarter ended in September. The mean
expectation of fourteen analysts for the quarter was
for earnings of 85 cents per share.
    * Revenue rose 2.6% to $1.49 billion from a year ago;
analysts
expected $1.52 billion. 
    * Fortive Corp's reported EPS for the quarter was 61 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.2%
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 5.3% this quarter and
gained 9.3% so far this year.
    * The company reported quarterly net income of $218 million.
    * Wall Street's median 12-month price target for Fortive
Corp is
$85.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.85           0.85           Met
 Jun. 30 2023      0.81           0.85           Beat
 Mar. 31 2023      0.73           0.75           Beat
 Dec. 31 2022      0.84           0.88           Beat