Fortrea Holdings Inc expected to post earnings of 1 cent a share - Earnings Preview

Fortrea Holdings

03/05/2024 16:55

* Fortrea Holdings Inc  FTRE.OQ   FTRE.O  is expected
to report
resultson May 7 for the period ending March 31 2024
    * The Durham North Carolina-based  company is expected to
report
revenue of $754.577 million, according to the mean estimate from
7 analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Fortrea Holdings Inc is
for
earnings of 1 cent per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months. ​
    * Wall Street's median 12-month price target for Fortrea
Holdings
Inc is $42.50​, above​ its last closing price of $36.65. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.24        0.24       0.19      Missed  -20.7
 Sep. 30 2023  0.16        0.16       0.24      Beat    48.8
                                                        ​
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 This summary was machine generated May 3 at 15:55 GMT.  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)