Fortive's Earnings: A Preview

Fortive Corp. +0.41%

Fortive Corp.




Fortive (NYSE:FTV) is set to give its latest quarterly earnings report on Wednesday, 2024-01-31. Here's what investors need to know before the announcement.

Analysts estimate that Fortive will report an earnings per share (EPS) of $0.94.

Fortive bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company missed EPS by $0.00, which was followed by a 0.77% increase in the share price the next day.

Here's a look at Fortive's past performance and the resulting price change:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.85 0.81 0.73 0.84
EPS Actual 0.85 0.85 0.75 0.88
Price Change % 0.77% -0.51% 0.86% 2.95%

eps graph

Stock Performance

Shares of Fortive were trading at $74.69 as of January 26. Over the last 52-week period, shares are up 13.39%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

To track all earnings releases for Fortive visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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