Analysts on Wall Street project that Fortive (FTV) will announce quarterly earnings of $0.85 per share in its forthcoming report, representing an increase of 2.4% year over year. Revenues are projected to reach $1.49 billion, declining 2.1% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 1.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Fortive metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Sales- Intelligent Operating Solutions' should come in at $669.35 million. The estimate indicates a change of +0.6% from the prior-year quarter.
Analysts' assessment points toward 'Sales- Advanced Healthcare Solutions' reaching $303.14 million. The estimate points to a change of +1.1% from the year-ago quarter.
The average prediction of analysts places 'Sales- Precision Technologies' at $524.46 million. The estimate points to a change of -6.2% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Adjusted Operating Profit (Non-GAAP)- Advanced Healthcare Solutions' of $74.55 million. Compared to the current estimate, the company reported $72.50 million in the same quarter of the previous year.
Analysts predict that the 'Adjusted Operating Profit (Non-GAAP)- Intelligent Operating Solutions' will reach $211.49 million. The estimate compares to the year-ago value of $211.90 million.
Analysts forecast 'Adjusted Operating Profit (Non-GAAP)- Precision Technologies' to reach $122.67 million. Compared to the present estimate, the company reported $136.50 million in the same quarter last year.
View all Key Company Metrics for Fortive here>>>
Shares of Fortive have experienced a change of -6% in the past month compared to the -0.2% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), FTV is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Fortive Corporation (FTV): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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