Fortrea Holdings Inc reports results for the quarter ended in December - Earnings Summary

Fortrea Holdings

11/03/2024 13:32

* Fortrea Holdings Inc  FTRE.OQ  reported quarterly adjusted
earnings of 19 cents​​ per share for the quarter ended in
December.  The mean expectation of six analysts for the quarter
was for earnings of 24 cents per share. Wall Street expected
results to range from 21 cents to 26 cents per share.
    * Revenue was $775.40 million​; analysts expected $776.06
million. 
    * Fortrea Holdings Inc's reported EPS for the quarter was a
loss
of 41 cents​.
    * The company reported a quarterly loss of $36 million.
    * Fortrea Holdings Inc shares had risen by 5.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the biotechnology
&
medical research peer group is  "hold."

Wall Street's median 12-month price target for Fortrea Holdings
Inc is $36.00 
This summary was machine generated from LSEG data March 11 at
01:31 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
 Dec. 31 2023      0.24           0.19           Missed
 Sep. 30 2023      0.16           0.24           Beat