Fortrea Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

Fortrea Holdings

06/08/2025 14:32

Fortrea Holdings Inc FTRE.OQ reported quarterly adjusted earnings of 19 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -3 cents.  The mean expectation of ten analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 1 cents to 10 cents per share.

Revenue rose 7.2% to $710.30 million from a year ago; analysts expected $629.45 million.

Fortrea Holdings Inc's reported EPS for the quarter was a loss of $4.14​.

The company reported a quarterly loss of $374.9 million.

Fortrea Holdings Inc shares had risen by 32.8% this quarter and lost 64.8% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 143.6% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 8 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the biotechnology & medical research peer group is  "buy."

Wall Street's median 12-month price target for Fortrea Holdings Inc is $5.50, about 19.3% below its last closing price of $6.56

This summary was machine generated from LSEG data August 6 at 01:32 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 2025
0.06
0.19
Beat
Mar. 31 2025
-0.07
0.02
Beat
Dec. 31 2024
0.37
0.18
Missed
Sep. 30 2024
0.25
0.23
Missed