Fortive Corp reports results for the quarter ended June 30 - Earnings Summary
Fortive Corp reports results for the quarter ended June 30 - Earnings Summary
Fortive Corp FTV.N reported quarterly adjusted earnings of 74 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 58 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 71 cents per share. Wall Street expected results to range from 68 cents to 73 cents per share.
Revenue rose 7.9% to $1.10 billion from a year ago; analysts expected $1.07 billion.
Fortive Corp's reported EPS for the quarter was 51 cents.
The company reported quarterly net income of $157.3 million.
Fortive Corp shares had risen by 4.9% this quarter and gained 16.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2.5% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 11 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for Fortive Corp is $63.50, about 0.9% below its last closing price of $64.09
This summary was machine generated from LSEG data July 29 at 02:57 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 |
Jun. 30 2026 | 0.71 | 0.74 | Beat |
Mar. 31 2026 | 0.64 | 0.70 | Beat |
Dec. 31 2025 | 0.84 | 0.90 | Beat |
Sep. 30 2025 | 0.57 | 0.68 | Beat |