We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Fortive (FTV) to Report Q2 Earnings: What's in the Cards?
Read MoreHide Full Article
Fortive Corporation (FTV - Free Report) is set to report second-quarter 2018 results on Jul 26.
The company topped the Zacks Consensus Estimate in the trailing four quarters, recording an average beat of 4.73%.
In the last reported quarter, Fortive delivered a positive earnings surprise of 5.41%. Earnings of 78 cents per share surged 30% year over year but declined 4.9% sequentially. The figure also came ahead of management’s guidance of 72-76 cents.
Revenues increased 13.7% from the year-ago quarter but went down 3.9% sequentially to $1.74 billion. The figure surpassed the Zacks Consensus Estimate of $1.71 billion.
Strategic acquisitions, strong product portfolio, improved performance in end markets and strengthening Fortive Business System drove year-over-year top-line growth.
For second-quarter 2018, Fortive anticipates adjusted net earnings between 86 cents and 90 cents per share. The Zacks Consensus Estimate for earnings is pegged at 89 cents.
Further, the Zacks Consensus Estimate for revenues is projected at $1.83 billion.
Let’s see how things are shaping up for this quarter.
Strategic Acquisitions to Drive Growth
Fortive’s strong focus toward enhancement of its key offerings on the back of its strong buyouts will continue to drive top-line growth by aiding its performance across all the geographies.
The company’s acquisitions of eMaint, Orpak, Landauer and Industrial Scientific, which have aided the expansion of Fortive’s product portfolio, are expected to drive the segmental revenues in the second quarter.
Further, the company’s robust Fluke, Tektronix, iNet, Qualitrol, Jacobs Vehicle Systems, Gilbarco Veeder-Root and sensing technologies are expected to drive growth in North America and China.
Additionally, Tektronix 5 Series mixed-signal oscilloscope and the Fluke T6 non-contact voltage electrical tester have gained traction since its release. This will continue to drive Fortive’s market share.
Fortive’s segments — Professional Instrumentation and Industrial Technologies —generated revenues of $871.7 million and $869 million in the last reported quarter, respectively.
The Zacks Consensus Estimate for revenues in both the segments in the to-be-reported quarter is projected at $898 million and $940 million, respectively.
If estimates are compared with the actual year-ago quarter’s figure, then Professional Instrumentation exhibits growth of 18.3% while Industrial Technologies displays an improvement of 8%.
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has good chance of beating estimates if it also has a positive Earnings ESP. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Fortive currently has a Zacks Rank #3 and an Earnings ESP of +0.84%. Our proven model indicates that the company is likely to beat estimates.
Stocks That Warrant a Look
Here is a stock worth considering as our model shows that it has the right combination of elements to deliver an earnings beat in the upcoming releases.
Agilent Technologies (A - Free Report) has an Earnings ESP of +0.88 and a Zacks Rank #3.
Advanced Energy Industries (AEIS - Free Report) has an Earnings ESP of +0.53 and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Fortive (FTV) to Report Q2 Earnings: What's in the Cards?
Fortive Corporation (FTV - Free Report) is set to report second-quarter 2018 results on Jul 26.
The company topped the Zacks Consensus Estimate in the trailing four quarters, recording an average beat of 4.73%.
In the last reported quarter, Fortive delivered a positive earnings surprise of 5.41%. Earnings of 78 cents per share surged 30% year over year but declined 4.9% sequentially. The figure also came ahead of management’s guidance of 72-76 cents.
Revenues increased 13.7% from the year-ago quarter but went down 3.9% sequentially to $1.74 billion. The figure surpassed the Zacks Consensus Estimate of $1.71 billion.
Strategic acquisitions, strong product portfolio, improved performance in end markets and strengthening Fortive Business System drove year-over-year top-line growth.
For second-quarter 2018, Fortive anticipates adjusted net earnings between 86 cents and 90 cents per share. The Zacks Consensus Estimate for earnings is pegged at 89 cents.
Further, the Zacks Consensus Estimate for revenues is projected at $1.83 billion.
Let’s see how things are shaping up for this quarter.
Strategic Acquisitions to Drive Growth
Fortive’s strong focus toward enhancement of its key offerings on the back of its strong buyouts will continue to drive top-line growth by aiding its performance across all the geographies.
The company’s acquisitions of eMaint, Orpak, Landauer and Industrial Scientific, which have aided the expansion of Fortive’s product portfolio, are expected to drive the segmental revenues in the second quarter.
Further, the company’s robust Fluke, Tektronix, iNet, Qualitrol, Jacobs Vehicle Systems, Gilbarco Veeder-Root and sensing technologies are expected to drive growth in North America and China.
Additionally, Tektronix 5 Series mixed-signal oscilloscope and the Fluke T6 non-contact voltage electrical tester have gained traction since its release. This will continue to drive Fortive’s market share.
Fortive Corporation Price and EPS Surprise
Fortive Corporation Price and EPS Surprise | Fortive Corporation Quote
Positive Outlook
Fortive’s segments — Professional Instrumentation and Industrial Technologies —generated revenues of $871.7 million and $869 million in the last reported quarter, respectively.
The Zacks Consensus Estimate for revenues in both the segments in the to-be-reported quarter is projected at $898 million and $940 million, respectively.
If estimates are compared with the actual year-ago quarter’s figure, then Professional Instrumentation exhibits growth of 18.3% while Industrial Technologies displays an improvement of 8%.
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has good chance of beating estimates if it also has a positive Earnings ESP. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Fortive currently has a Zacks Rank #3 and an Earnings ESP of +0.84%. Our proven model indicates that the company is likely to beat estimates.
Stocks That Warrant a Look
Here is a stock worth considering as our model shows that it has the right combination of elements to deliver an earnings beat in the upcoming releases.
AMETEK (AME - Free Report) has an Earnings ESP of +0.43% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Agilent Technologies (A - Free Report) has an Earnings ESP of +0.88 and a Zacks Rank #3.
Advanced Energy Industries (AEIS - Free Report) has an Earnings ESP of +0.53 and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>