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NEW: Price Reaction to Earnings Reports

View detailed tables showing price action before and after earnings announcements, ranging from intraday to one week out. Track how the market has reacted to past earnings to identify patterns and predict future behavior. Click here to open.

FTRE

Fortrea Holdings Inc

Dec 13 • 04:00PM ET

20.00

Dollar change -0.27
Percentage change -1.33	%

Healthcare • Biotechnology • USA • NASD

Peers: PFE JNJ MRK AMGN LLY BMY GILD REGN VRTX BIIB

| Held by: IJR CALF COWZ VTI VB VBR VXF IJS SPSM IBB

Scroll to Statements

Index	-	P/E	-	EPS (ttm)	-3.14	Insider Own	0.47%	Shs Outstand	89.70M	Perf Week	-7.71%
Market Cap	1.77B	Forward P/E	14.88	EPS next Y	1.34	Insider Trans	0.00%	Shs Float	89.28M	Perf Month	-6.02%
Income	-280.10M	PEG	-	EPS next Q	0.37	Inst Own	111.26%	Short Float	5.90%	Perf Quarter	-7.79%
Sales	2.77B	P/S	0.64	EPS this Y	-62.79%	Inst Trans	-5.00%	Short Ratio	3.40	Perf Half Y	-16.56%
Book/sh	16.87	P/B	1.19	EPS next Y	158.09%	ROA	-5.85%	Short Interest	5.26M	Perf Year	-37.85%
Cash/sh	1.19	P/C	16.81	EPS next 5Y	7.56%	ROE	-14.56%	52W Range	16.53 - 41.02	Perf YTD	-42.69%
Dividend Est.	-	P/FCF	8.05	EPS past 5Y	-	ROI	-10.36%	52W High	-51.24%	Beta	1.14
Dividend TTM	-	Quick Ratio	1.18	Sales past 5Y	6.72%	Gross Margin	15.30%	52W Low	20.99%	ATR (14)	1.44
Dividend Ex-Date	-	Current Ratio	1.18	EPS Y/Y TTM	-	Oper. Margin	-3.13%	RSI (14)	47.14	Volatility	7.90% 6.37%
Employees	18000	Debt/Eq	0.80	Sales Y/Y TTM	-	Profit Margin	-10.09%	Recom	2.85	Target Price	23.00
Option/Short	Yes / Yes	LT Debt/Eq	0.79	EPS Q/Q	-111.12%	Payout	-	Rel Volume	0.58	Prev Close	20.27
Sales Surprise	0.01%	EPS Surprise	-8.07%	Sales Q/Q	-13.07%	Earnings	Nov 08 BMO	Avg Volume	1.55M	Price	20.00
SMA20	-3.65%	SMA50	2.05%	SMA200	-24.04%	Trades		Volume	894,008	Change	-1.33%

Date	Action	Analyst	Rating Change	Price Target Change
Dec-11-24	Downgrade	Citigroup	Buy → Neutral	$30 → $23
Dec-06-24	Downgrade	Robert W. Baird	Outperform → Neutral	$28 → $25
Sep-25-24	Downgrade	Jefferies	Buy → Hold	$25 → $21
Aug-08-24	Downgrade	Evercore ISI	Outperform → In-line	$31 → $27
Jul-24-24	Resumed	Barclays	Equal Weight	$30
Jun-06-24	Initiated	Goldman	Neutral	$28
May-29-24	Initiated	TD Cowen	Hold	$27
May-28-24	Initiated	Mizuho	Neutral	$27
Mar-22-24	Initiated	Robert W. Baird	Neutral	$43
Mar-06-24	Initiated	Deutsche Bank	Hold	$36
Jan-05-24	Initiated	William Blair	Mkt Perform
Jan-04-24	Initiated	Jefferies	Buy	$44
Dec-11-23	Upgrade	Citigroup	Neutral → Buy	$34 → $40
Dec-01-23	Upgrade	Evercore ISI	In-line → Outperform	$32 → $36
Nov-14-23	Upgrade	Barclays	Equal Weight → Overweight	$29 → $38
Oct-19-23	Initiated	Citigroup	Neutral	$32
Sep-14-23	Initiated	Evercore ISI	In-line	$31
Aug-16-23	Initiated	Barclays	Equal Weight	$29
Aug-07-23	Initiated	BofA Securities	Underperform	$27

Show Previous Ratings

Dec-07-24 05:15AM	Fortrea downgraded to Neutral from Outperform at Baird (TipRanks)
Dec-05-24 04:05PM	Maravai LifeSciences Appoints R. Andrew Eckert as Chairman of the Board of Directors (GlobeNewswire) -8.06%
Nov-26-24 04:15PM	Fortrea to Present at the Evercore HealthCONx Conference (GlobeNewswire)
04:15PM	Fortrea to Present at the Citi Global Healthcare Conference (GlobeNewswire)
Nov-12-24 06:45AM	Fortrea price target raised to $30 from $28 at Baird (TipRanks)
12:31PM	Loading…
Nov-11-24 12:31PM	Analyst Report: Fortrea Holdings Inc. (Morningstar Research)
Nov-09-24 02:04AM	Fortrea Holdings Inc (FTRE) Q3 2024 Earnings Call Highlights: Navigating Challenges and Seizing ... (GuruFocus.com)
Nov-08-24 10:15AM	Fortrea Stock Explodes 37%--Investors Are Eyeing Massive Gains (GuruFocus.com) +30.19%
06:30AM	Fortrea Reports Third Quarter 2024 Results (GlobeNewswire)
Oct-17-24 07:00AM	Fortrea Releases Inaugural Corporate Social Responsibility Report (GlobeNewswire)
Oct-14-24 07:00AM	Fortrea Announces Date for Third Quarter 2024 Financial Results and Conference Call (GlobeNewswire)
Aug-13-24 12:58PM	Analyst Report: Fortrea Holdings Inc. (Morningstar Research) +10.88%
Aug-12-24 07:04PM	Analyst Report: Fortrea Holdings Inc. (Morningstar Research) -20.35%
07:00AM	Fortrea Reports Second Quarter 2024 Results (GlobeNewswire)
Jul-17-24 07:00AM	Fortrea Announces Date for Second Quarter 2024 Financial Results and Conference Call (GlobeNewswire)
08:42AM	Loading…
Jul-11-24 08:42AM	Do Options Traders Know Something About Fortrea (FTRE) Stock We Don't? (Zacks) +5.36%
08:00AM	Fortrea Appoints Robert Parks as Chief Accounting Officer (GlobeNewswire)
Jun-27-24 07:00AM	Fortrea Launches AI Innovation Studio to Galvanize Technology and Human Solutions to Improve Clinical Trial Delivery (GlobeNewswire)
Jun-19-24 05:02PM	Fortrea to Participate in Virtual Fireside Chat with Evercore ISI (GlobeNewswire)
Jun-04-24 07:00AM	Fortrea Completes Divestiture of Endpoint Clinical and Patient Access Businesses to Arsenal Capital Partners (GlobeNewswire)
Jun-03-24 07:00AM	Fortrea to Present at the Jefferies Global Healthcare Conference (GlobeNewswire)
May-30-24 07:01PM	Fortrea Holdings Inc (FTRE) CEO Acquires Additional Shares (GuruFocus.com)
07:00AM	Fortrea Introduces Comprehensive Solution to Improve Diversity and Inclusion in Clinical Research (GlobeNewswire)
May-21-24 09:48AM	Seth Klarman 2024 Portfolio: Top New Stock Picks (Insider Monkey)
May-17-24 10:15PM	Morningstar \| A Weekly Summary of Stock Ideas and Developments in the Companies We Cover (Morningstar Research)
May-16-24 04:05PM	Fortrea Appoints Machelle Sanders to Board of Directors (GlobeNewswire)
May-15-24 03:56PM	Klarman's Baupost Group Buys Stake in SoundHound, Cuts Position in Warner Bros Discovery (Investopedia)
May-14-24 06:43PM	Analyst Report: Fortrea Holdings Inc. (Morningstar Research)
03:01AM	Fortrea Holdings Inc (FTRE) (Q1 2024) Earnings Call Transcript Highlights: Navigating ... (GuruFocus.com)
May-13-24 06:50PM	Analyst Report: Fortrea Holdings Inc. (Morningstar Research) -14.90%
10:52AM	Loading…
10:52AM	FTRE Stock Earnings: Fortrea Holdings Misses EPS, Misses Revenue for Q1 2024 (InvestorPlace)
06:30AM	Fortrea Reports First Quarter 2024 Results (GlobeNewswire)
May-06-24 08:22AM	Fortrea Reschedules Release of First Quarter 2024 Financial Results and Conference Call (GlobeNewswire)
Apr-30-24 01:58PM	Laboratory Corporation of America Holdings (NYSE:LH) Q1 2024 Earnings Call Transcript (Insider Monkey)
Apr-11-24 07:00AM	Fortrea Announces Date for First Quarter 2024 Financial Results and Conference Call (GlobeNewswire)
Mar-12-24 11:24AM	Analyst Report: Fortrea Holdings Inc. (Morningstar Research)
Mar-11-24 06:30AM	Fortrea Signs Definitive Agreement to Divest Endpoint Clinical and Patient Access Businesses to Arsenal Capital Partners (GlobeNewswire)
06:30AM	Fortrea Reports Fourth Quarter and Full-Year 2023 Results; Issues Full-Year 2024 Guidance (GlobeNewswire)
Feb-20-24 04:05PM	Fortrea Increases Patient Access Capabilities and Cold Chain Expertise with FortreaRx Expansion (GlobeNewswire)
07:00AM	Fortrea to Present at the Barclays 26th Annual Global Healthcare Conference (GlobeNewswire)
Jan-29-24 07:00AM	Fortrea Announces Date for Fourth Quarter and Full Year 2023 Financial Results and Conference Call (GlobeNewswire)
Jan-09-24 04:22PM	Fortrea Establishes Industry Partnership with Veeva and Advarra to Streamline Patient and Site Clinical Trial Experience (GlobeNewswire)
Jan-08-24 07:00AM	Fortrea Previews J.P. Morgan Healthcare Conference Updates (GlobeNewswire)
Jan-05-24 04:53AM	Vltava Fund Sold Fortrea Holdings (FTRE) for an Attractive Price (Insider Monkey)
Jan-04-24 08:00AM	FORTREA SELECTS COGNIZANT AS ITS TECHNOLOGY TRANSFORMATION PROVIDER (PR Newswire)
Jan-02-24 07:00AM	Fortrea to Present at the 42nd Annual J.P. Morgan Healthcare Conference (GlobeNewswire)
Dec-13-23 07:00AM	Fortrea Convenes New Site Advisory Board (GlobeNewswire)
Nov-20-23 07:00AM	Fortrea Announces AI-Driven Partnership with Medidata to Increase Diversity in Clinical Trials (GlobeNewswire)
Nov-14-23 08:33PM	Analyst Report: Fortrea Holdings Inc. (Morningstar Research) +5.05%
Nov-13-23 11:07AM	Fortrea Holdings Inc (FTRE) Reports Mixed Q3 Results Amidst Transformation (GuruFocus.com) +9.61%
06:30AM	Fortrea Reports Third Quarter 2023 Results (GlobeNewswire)
Nov-02-23 07:00AM	Fortrea Completes Expansion of Clinical Pharmacology Solutions Following Targeted Investments at its Four Clinical Research Units in U.S. and U.K. (GlobeNewswire)
Oct-18-23 05:40AM	Here's Why Madison Mid Cap Fund Elected to Sell Fortrea Holdings (FTRE) (Insider Monkey)
Oct-17-23 01:35PM	Hedge Fund and Insider Trading News: John Paulson, Ray Dalio, Starboard Value, Trian Fund Management, ExodusPoint Capital Management, JAT Capital, Lexicon Pharmaceuticals, Inc. (LXRX), Omnicom Group Inc. (OMC), and More (Insider Monkey)
09:05AM	Starboard Value Issues Presentation Delivered at 13D Monitors 2023 Active-Passive Investor Summit (Business Wire)
Oct-16-23 08:30PM	Starboard Takes 5%-Plus Stake in Contract-Research Firm Fortrea (The Wall Street Journal)
Oct-13-23 07:00AM	Fortrea Appoints Life Science Executive Dr. John Doyle to Lead Consulting Team (GlobeNewswire)
Oct-11-23 07:00AM	Fortrea Announces Date for Third Quarter 2023 Financial Results and Conference Call (GlobeNewswire)
Oct-10-23 07:00AM	Fortrea's Jim Cameli Named a Top 100 Global Chief Information Security Officer by HotTopics (GlobeNewswire)
Oct-06-23 04:52AM	Here's Why Vltava Fund Sold Fortrea Holdings (FTRE) (Insider Monkey)
Sep-15-23 08:45PM	Morningstar \| A Weekly Summary of Stock Ideas and Developments in the Companies We Cover (Morningstar Research)
Sep-06-23 11:00AM	Fortrea to Present at the Morgan Stanley 21st Annual Global Healthcare Conference (GlobeNewswire)
11:00AM	Fortrea to Present at the Baird 2023 Global Healthcare Conference (GlobeNewswire)
Aug-16-23 10:00AM	Chevron upgraded, SolarEdge downgraded: Wall Street's top analyst calls (The Fly)
Aug-15-23 07:03AM	Fortrea: The Number One Hurdle to Focus on Now Is Growth (GuruFocus.com)
07:03AM	Fortrea: The Main Hurdle to Focus on Now Is Growth (GuruFocus.com)
Aug-14-23 07:00AM	Fortrea Reports Second Quarter 2023 Results and Provides Full-Year 2023 Guidance (GlobeNewswire) -12.21%
Aug-07-23 09:57AM	American downgraded, United upgraded: Wall Street's top analyst calls (The Fly)
09:57AM	American Airlines downgraded, United upgraded: Wall Street's top analys (The Fly)
Jul-20-23 07:00AM	Fortrea Announces Date for Second Quarter 2023 Financial Results and Conference Call (GlobeNewswire)
Jul-18-23 07:40AM	Incannex engages Fortrea to Manage its FDA IND Opening Phase 2/3 Clinical Trial Investigating IHL-42X for Treatment of Obstructive Sleep Apnoea (GlobeNewswire)
Jul-07-23 12:00PM	Fortrea Stock Drops, Headed For Weekly Loss (The Wall Street Journal) -5.21%
Jun-28-23 06:08PM	Fortrea Holdings and PHINIA Set to Join S&P SmallCap 600 (PR Newswire)

Fortrea Holdings, Inc. engages in the provision of clinical development and commercialization services. It operates under the Clinical Services and Enabling Services Segments. The Clinical Services segment provides services across the clinical pharmacology, clinical development, and other clinical service spectrum utilizing enabling services and technology through multiple delivery models. The Enabling Services segment provides technology solutions directly to customers that streamline complex randomization and optimize the trial drug supply process, while minimizing operational costs and supporting timely and accurate patient dosing. The company was founded on January 31, 2023 and is headquartered in Durham, NC.

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Morais Mark A.	Chief Operating Officer	Aug 19 '24	Option Exercise	0.00	11,312	0	36,464	Aug 20 05:37 PM
Mcconnell Jill G.	Chief Financial Officer	Aug 19 '24	Option Exercise	0.00	11,312	0	38,194	Aug 20 05:36 PM
Pike Thomas	Chief Executive Officer	Aug 19 '24	Option Exercise	0.00	125,691	0	183,518	Aug 20 05:34 PM
Smith David Ross	Director	Jul 18 '24	Option Exercise	0.00	6,354	0	6,354	Jul 19 05:24 PM
NEUPERT PETER M	Director	Jul 18 '24	Option Exercise	0.00	6,354	0	28,350	Jul 19 05:23 PM
Pesicka Edward A	Director	Jul 18 '24	Option Exercise	0.00	6,354	0	6,354	Jul 19 05:23 PM
ECKERT R ANDREW	Director	Jul 18 '24	Option Exercise	0.00	6,354	0	6,354	Jul 19 05:22 PM
Ray Amrit	Director	Jul 18 '24	Option Exercise	0.00	6,354	0	6,354	Jul 19 05:21 PM
Hanson James S.	General Counsel	Jun 12 '24	Buy	25.30	2,000	50,600	7,475	Jun 12 06:28 PM
Hanson James S.	General Counsel	Jun 03 '24	Option Exercise	0.00	7,706	0	7,706	Jun 03 07:08 PM
Warren Amanda M.	Chief Accounting Officer	Jun 03 '24	Option Exercise	0.00	3,842	0	6,411	Jun 03 07:05 PM
Mcconnell Jill G.	Chief Financial Officer	Jun 03 '24	Option Exercise	0.00	11,000	0	31,717	Jun 03 07:03 PM
Morais Mark A.	Chief Operating Officer	Jun 03 '24	Option Exercise	0.00	11,000	0	29,406	Jun 03 07:01 PM
Pike Thomas	Chief Executive Officer	May 29 '24	Buy	24.81	10,000	248,066	57,827	May 30 04:34 PM
Larson Betty D	Former Director	Mar 30 '24	Option Exercise	0.00	6,354	0	6,354	Apr 01 06:33 AM
Mcconnell Jill G.	Chief Financial Officer	Mar 04 '24	Option Exercise	0.00	20,776	0	26,815	Mar 06 06:42 PM
Morais Mark A.	Chief Operating Officer	Mar 04 '24	Option Exercise	0.00	15,368	0	22,856	Mar 06 06:40 PM
Mcconnell Jill G.	Chief Financial Officer	Feb 11 '24	Option Exercise	0.00	1,544	0	6,486	Feb 13 05:05 PM
Warren Amanda M.	Chief Accounting Officer	Feb 11 '24	Option Exercise	0.00	1,068	0	2,935	Feb 13 05:03 PM
Morais Mark A.	Chief Operating Officer	Feb 11 '24	Option Exercise	0.00	1,210	0	7,839	Feb 13 05:01 PM
Mcconnell Jill G.	Chief Financial Officer	Feb 07 '24	Option Exercise	0.00	1,680	0	5,437	Feb 08 07:00 PM
Warren Amanda M.	Chief Accounting Officer	Feb 07 '24	Option Exercise	0.00	1,182	0	2,272	Feb 08 06:58 PM
Morais Mark A.	Chief Operating Officer	Feb 07 '24	Option Exercise	0.00	2,249	0	7,280	Feb 08 06:55 PM
Mcconnell Jill G.	Chief Financial Officer	Feb 02 '24	Option Exercise	0.00	1,708	0	4,262	Feb 05 05:19 PM
Warren Amanda M.	Chief Accounting Officer	Feb 02 '24	Option Exercise	0.00	1,046	0	1,449	Feb 05 05:17 PM
Morais Mark A.	Chief Operating Officer	Feb 02 '24	Option Exercise	0.00	1,787	0	5,183	Feb 05 05:17 PM
Pike Thomas	Chief Executive Officer	Jan 09 '24	Option Exercise	0.00	40,220	0	60,220	Jan 11 06:12 PM
Morais Mark A.	Chief Operating Officer	Dec 15 '23	Option Exercise	0.00	406	0	3,891	Dec 15 05:41 PM

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FTRE

Fortrea Holdings Inc

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