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Fortive (FTV) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2023, Fortive (FTV - Free Report) reported revenue of $1.49 billion, up 2.6% over the same period last year. EPS came in at $0.85, compared to $0.79 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.52 billion, representing a surprise of -1.40%. The company delivered an EPS surprise of -1.16%, with the consensus EPS estimate being $0.86.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Fortive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales- Intelligent Operating Solutions: $644.30 million compared to the $641.93 million average estimate based on two analysts. The reported number represents a change of +5% year over year.
Sales- Advanced Healthcare Solutions: $319.60 million versus $335.86 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.3% change.
Sales- Precision Technologies: $530.60 million versus $538.99 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.3% change.
Adjusted Operating Profit (Non-GAAP)- Intelligent Operating Solutions: $206 million versus the two-analyst average estimate of $209.57 million.
Adjusted Operating Profit (Non-GAAP)- Advanced Healthcare Solutions: $71.90 million versus the two-analyst average estimate of $78.26 million.
Adjusted Operating Profit (Non-GAAP)- Precision Technologies: $140.50 million compared to the $136.48 million average estimate based on two analysts.
Shares of Fortive have returned -4.1% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Fortive (FTV) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Fortive (FTV - Free Report) reported revenue of $1.49 billion, up 2.6% over the same period last year. EPS came in at $0.85, compared to $0.79 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.52 billion, representing a surprise of -1.40%. The company delivered an EPS surprise of -1.16%, with the consensus EPS estimate being $0.86.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Fortive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales- Intelligent Operating Solutions: $644.30 million compared to the $641.93 million average estimate based on two analysts. The reported number represents a change of +5% year over year.
- Sales- Advanced Healthcare Solutions: $319.60 million versus $335.86 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.3% change.
- Sales- Precision Technologies: $530.60 million versus $538.99 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.3% change.
- Adjusted Operating Profit (Non-GAAP)- Intelligent Operating Solutions: $206 million versus the two-analyst average estimate of $209.57 million.
- Adjusted Operating Profit (Non-GAAP)- Advanced Healthcare Solutions: $71.90 million versus the two-analyst average estimate of $78.26 million.
- Adjusted Operating Profit (Non-GAAP)- Precision Technologies: $140.50 million compared to the $136.48 million average estimate based on two analysts.
View all Key Company Metrics for Fortive here>>>Shares of Fortive have returned -4.1% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.